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Essay / Research Paper Abstract
A 5 page paper that discusses electronic B2B procurement. Data regarding e-transactions are included. The paper discusses different issues involved with changing to an automated system, such as why companies need to make this change. Examples of the impact of electronic purchasing some companies have experienced are included. Bibliography lists 7 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGpb2b.rtf
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Unformatted sample text from the term paper:
be given that title. The size of this paper we are writing does not allow for very much discussion, history, trends, etc. Procurement is part of the management system, therefore,
you can made some comments about that system as a whole and then lead into procurement specifically or you can just jump in with a discussion on procurement.]
No one can argue the point that we are living in a global economy and businesses who are not on the cutting edge of technology and processes will be left
behind. One of the driving forces of this globalization of business is technology and more specifically, the Internet. Online business-to-business transactions and interactions is a trend that continues to gain
momentum. Morgan Harting, the manager of KPMG Consulting Electronic Commerce practice, said businesses that have established a business-to-business (B2B)Internet site will achieve "significant liquidity and become an integral part of
procurement and sales in companies of all sizes and in every major world market. B2Bs are bringing markets closer to the ideal worlds described in classical economic textbooks of commerce
that is free of transaction costs, information inefficiencies and geographical limitations" (Manufacturing News, 2000, p. 7). Harting went on to note that businesses face the challenge of developing systems
and integrating those systems before this will happen but it will not take long for full integration to be available (Manufacturing News, 2000). Landry reported that "Traditional B2B
is governed by complex processes and constrained by information inefficiencies, geography, and market hours. The Internet facilitates a single destination for commerce, content, and community that wraps around end-users and
compels them to come back" (Landry, 2001). Consider the soaring sales that are conducted in Business-to-Business (B2B) that occur on the Internet. Based on the explosion of new sales,
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