| Publisher | Montgomery Research | ||
|---|---|---|---|
| Format | HTML & PDF | Date added | 01 May 2001 |
| Topics | Business Strategies, Supply Chain Management, Procurement - Purchasing | ||
| Downloads | 18 | ||
E-procurement is the application of Web-based technologies that efficiently facilitates, integrates, and streamlines the entire procurement process, from consumer to supplier and back again.
There is a school of thought, and several recent articles have supported this, that suggests a fundamental overhaul of measurement activities is imperative in the new economy. Indeed, "E-business measurement as it exists today is broken,"1 was the conclusion of a recent study which argued that traditional measures such as ROI should be replaced, or at least extended, by more externally-oriented statistics (identified as end-customer success, hyper-partnering efficiency, and multi-unit financial performance across a company). Although we agree with many of the supporting arguments, we would not entirely support this particular statement in the specific context of e-procurement.
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