Procurement and supply chain managers have an exciting but daunting opportunity to use e-business to alter the supply function. Buying consortia are being formed. Procurement processes, as well as applications, are being outsourced. Trading exchanges are attempting to strengthen any conceivable weak links within the supply chain, yet there is clearly no one application vendor or trading exchange that supports all facets of procurement, from sourcing to procure-to-pay, across all commodity types, from corporate supplies to complex capital equipment or direct materials.
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