Abstract
Electronic procurement is currently one of the most discussed topics in supply management. Without doubt, it will dramatically change the way purchasing is done in the near future. This article analyses the possibilities of electronic marketplaces for buyers, primarily from theoretical perspective and is also based on information economics theory, which may be the most important theory to analyze market problems in general. An e-procurement matrix is developed that could help to systematize different e-procurement instruments. Various data types available from electronic marketplaces are analyzed with a business model for electronic market places. These business models show the real value added by e-procurement. According to Neef (2001), “E-procurement means a giant leap forward in the long sought-after development of the extended enterprise where the supply chain becomes a continuous, uninterrupted process extending from buyer through selling partners.”
Keywords: E-procurement, information, economics, purchasing, macro, micro, transactions, and customers.
References
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