The terms 'purchasing' and 'procurement' are often used synonymously but which of the following statements provides a more refined distinction?

E-procurement is not new and there have been many attempts to automate the process of procurement for the potential buyer by using:

There are benefits and practical considerations to take into account when introducing e-procurement. There are also different types or applications. Which one of these enables the purchasing company to buy goods and services that have the lowest price or combination of lowest price and other conditions through Internet technology?

A recent study in 2010 reviewed the business benefits of adopting e-procurement and concluded that there were five key drivers. Which one is FALSE though?

To assess any new initiative, some evaluative process needs to take place. Riggins and Mitra recently created an evaluative framework that can be used for evaluating e-supply chain management as well as e-procurement. Some of the main dimensions are below but which one would contain the benefit of vendor-managed inventory?