E-procurement and E-supply Coursework Example | Topics and Well Written Essays - 2000 words

E-procurement and E-supply - Coursework ExampleInternet and e- job has become so much popular these days and a lot of business is sorrowful towards e-business. This is specially the case with both large and small business. People like to merchandise their product or project online as it takes less cost and benefits argon much higher if properly planned. E-business and marketing are indispensible to each other, if one has a marvelous goods, products or services only when he doesnt ingest accurate and strong market skills there are less chances of its success. On the other hand, if a person has normal quality products but he knows how to market them at economical rates, its results will be much better. E-procurement is an accommodative procurement of products, services and tasks using any electronic procedure in every portray for boosting in efficiency & transparency of the goods or services. Unified theory of acceptance and use of technology According to Venkatesh et al. (2003), there is a requirement to improve businesss men knowledge of technology Utilization by investigating newer applications, accounting for additional difference in usage attitude and connecting it to individual usage results. the Unified Theory of Acceptance and Use of Technology (UTAUT) that incorporates major drivers and balks of web systems usage for e-procurement, investigates the consequence of such usage on corporate buyers and heightens the overall overhear of the UTAUT. It is calculated that eighty to ninety percent of the deals conducted over the Internet are business-to-business deals (Rosen and Howard, 2000). Although, little research has incorporated on web systems utilization from the point of take in of corporate buyers. Figure 1 Research Model E-procurement has many objectives, few of them are To perform as the catalyst for procurement reclaim, to improve transparency, supervising and mete out in procurement procedure, to add in economies of scale via accumulation of demand, to cut off the cost of doing business for both suppliers and government, to launch level playing battleground and fair private-enterprise platform for the suppliers. E-tendering is the second concept of e-procurement, features of e-tendering are popularation of NIT, downloading of tender documents by contractors and suppliers, bids opening, Auto-bid evaluation, award publication. There are some famous examples of e-procurement Public procurement service, Korea, Gebiz Singapore and Indian railways. E-procurement methodologies include software that allows purchasing agents to book their required items from various locations and generate invoices, purchase orders, receipts and request for quotations. Online auctions are some other tool of e-procurement. Cathy-Pacific had a good plan to e-procurement but there are some flaws in their plan. Website marketing and online auction, selling is one of the best options via the web but it inevitably proper management, they had focus on procurement but they didnt focus on management and maintenance of such a long project. No doubt, their plan is good for cost reduction but some areas need proper attention like ticket booking and seat allocation needs extensive care and proper management as if it becomes tough, passenger will surely face issues at the time of travelling. No matter, which method they have use but by applying proper and accurate e-procurement technology they could gain a lot