The Evolution of Electronic Procurement

This book responds to the increasing speed with which the domain of electronic procurement has been evolving, as well to the significant advances predicted to take place in the near future. Covering the fundamentals of electronic procurement as well as advanced applications, the main focus is on the critical importance of information technology for modern supply management professionals. Tracing the evolution of electronic procurement over the last 20 years, the book illustrates how the concept has evolved from a novel idea into a standard approach that cannot be neglected, fundamentally transforming business as usual. The transformation is highlighted by the evolution of online reverse auctions, as well as the ensuing expansion of technology to virtually all aspects of strategic sourcing in the form of integrated electronic sourcing suites. Several advances and new applications of electronic procurement are presented, with an emphasis on how social media can be leveraged for supplymanagement and its associated significant potential.

Makes the case for why electronic procurement cannot be neglected Traces the evolution of electronic procurement with the example of online reverse auctions Illustrates the future potential of electronic procurement with the example of social media Provides best practices in order to drive better results in practice Reduces some of the hurdles often encountered with electronic procurement implementation and adoption

Autorentext
Tobias Schoenherr is Professor of Purchasing and Supply Management at the Broad College of Business, Michigan State University, USA. An award-winning scholar and teacher focusing upon the area of sourcing, he has published more than 60 papers in peer-reviewed academic journals. He is currently Co-Editor-in-Chief for the International Journal of Operations and Production Management, and also serves as Associate Editor for the Journal of Operations Management, Decision Sciences and the Journal of Purchasing and Supply Management.

Inhalt
Chapter 1: Setting the Stage.- Chapter 2: Why You Cannot Neglect Electronic Procurement.- Chapter 3: The Evolution of Electronic Procurement.- Chapter 4: The Advent of the Internet and Online Reverse Auctions.- Chapter 5: Online Reverse Auctions: Challenges and Best Practices.- Chapter 6: Becoming Mainstream: Electronic Sourcing Suites.- Chapter 7: The Potential of Social Media.- Chapter 8: Outlook to an Exciting Future.