Explain the benefits of e-Procurement.

Question description

Your team has been chosen to develop a business case for implementing an e-Procurement system for your commodity products.

Identify a company that you are familiar with and provide one example of a commodity product that they use.

Write a 700- to 1,050-word paper in which the team will:

  • Define the elements of e-Procurement employed with the commodity supplier.
    • ERP/MRP system
    • Transactions
      • Forecasting
      • Ordering
      • Advance shipping notification
      • Financial transactions
      • Other- explain
  • Supplier Communication
    • Explain the benefits of e-Procurement.
    • Identify the challenges of implementing and maintaining an e-Procurement system and recommend mitigation actions.