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Homework answers / question archive / Discuss the four e-procurement methods and give an example of when each might be used

Discuss the four e-procurement methods and give an example of when each might be used

Marketing

Discuss the four e-procurement methods and give an example of when each might be used.

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There are various methods of electronic procurement. Firstly is Indent Management. It is described as the workflow that is involved when preparing tenders. The unit of the value chain is voluntary, with people procuring units defining their process of indenting. In works purchasing, managerial approval and technical authorization are got in electronic format. In commodities procurement, activities of indent generation are carried out online. Indent management is used in the department area for the management of inventory supply. It is important not only when streamlining managing an inventory but also by keeping an appropriate quantity ordered and approximated pricing.

E-Tendering

Electronic tendering allows individuals and the companies bidding for contracts to take part more effortlessly in public tendering processes. Smooth digital communication among foreign tendering systems permits any interested organization to utilize its nationwide system to surrender a bid in fulfillment with other associates States' tendering requirements and get a reply from the experienced contracting authority. E-Tendering is used in all the procurement areas within all companies aiming to contract any supplier to deliver commodities.

E-Auctioning

An electronic auction is a contract between auctioneers (sellers) and auction-goers (suppliers in commercial to commercial scenarios) that happens on an E-marketplace. It can occur business to consumer, consumer to consumer, or business to business and permits sellers to place their bid online against one another for agreements against a published specification. E-auctioning is used when renewing current contracts or offer to spend that is consolidated.

Catalogs management

Catalog management is a planned process that starts once the suppliers advertise their product collection electronically, and goods are available to consumers to buy them electronically and appear while handling the catalog of the product to make sure that the quality of the product data across the vending channels. The content of the product can be held either by the buyer or supplier. Catalog management is used to make sure ensures the value of product data and its configurability to the consumer's needed format.