Internet Procurement Essay

In the case of Providian Trust, the organization attempts to outsource the implementation of a major software system aimed at updating its internal business processes and outdated information system to be more cost efficient and provide more timely services to its customers. However, there are certain activities and processes that are needed to ensure that the procurement process is effective and the appropriate goods and/or services are acquired. For example, a needs analysis or feasibility study will need to be conducted prior to sending out the request for proposal (RFP). Specifically, for IT projects, such as the software development for Providian, this will pay off despite the chosen vendor as well as help avoid falling in love with a pretty interface and not what’s under the hood. In addition, the focus will be on solving business problems and seeing and understanding vendor capabilities and tool demos in relation to the project goals and objectives for the future. Additionally, there are some key criteria that should be followed to help ensure the success of a vendor selection and the procurement planning

Taking the advantage of the new opportunity available through e-business technology, let us analyze the e-Procurement system as a tool to interface with the existing BAL legacy information system.

New applications will utilize off-the-shelf software components that have been customized per Riordan’s specifications and further messaged to ensure that each application will integrate smoothly with all the others in order to create a single cohesive whole. Great effort will be made to ensure that the data structures used in each are consistent in order to simplify the creation of the enterprise’s database. To help facilitate this, we will create an umbrella application that will integrate each other system as a module. This umbrella application will be extendable as needed and will act as a single-launch point for the various systems utilized by Riordan. We will also be working closely with Riordan’s IT department to develop a bridge that will enable them to easily port their existing databases into the new one automatically.

Describe the insight generation process used at Ben & Jerry’s. What benefits did Ben & Jerry’s achieve from utilizing the process?

E-procurement has had an increasingly important role in business-to-business(B2B) commerce. Web-enabled B2B e-commerce enhances inter-organizational coordination resulting in transaction cost savings and competitive sourcing opportunities for the buyer organization. E-business has radically altered the ways in which firms interact with their suppliers(Phillips 2003). Continued improvements in Internet technology connectivity provide an opportunity to make procurement for goods and services more transparent and efficient. Six forms of e-procurement applications

The company in question is a medium sized company that would like to enhance its business by using e-commerce, a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet. (http://www.networksolutions.com/education/what-is-ecommerce/).

MED-X, a Fortune 500 pharmaceutical company with headquarters in Houston, Texas with 54 plants and more than 40,000 employees world-wide, has undertaken a $2 million Ariba e-procurement project implementation. MED-X was spending $3 billion annually on indirect goods and services. It is estimated that implementation of the Ariba e-procurement system will save the company $200 million annually and also reduce spending, streamline the procurement process and expedite user adoption. An additional benefit of the project is going to be nationwide

The global information system will require the use of internet technology managing financial documents, inventory reports, sales reports, marketing information and human resources. Sparked by intranet (internal networking) and internet (connection to the worldwide web), real time information can be relayed to headquarters for reporting data supporting store operations. Internet based databases like those offered by Oracle offer a nearly user friendly solution to implement when dealing with massive data transfer derived from store operations. Monitored and ran by headquarters, this global information system will feed, track and report several financial documents used by headquarters for earnings reporting; income statements, profit/loss statements and cash flow are among the most important when reporting to stakeholders. The store will input sales, food cost, labor cost, controllable expenses and facility costs for projected costs. Further,

Amazon cloud computing service is considered to be the undisputed leader in winning a massive contract deal with the Department of Defense. With Amazon favored to win the winner-take-all contract, industry groups such as IBM, Oracle, Microsoft and Google, fear the DoD decision in giving a single award contract over multiple contract awards would “close the market to just that vendor,” can cause technology lock-in, damage innovation and damage companies innovation by dissuading firms from entering the public sector marketplace.

The continued advances in procurement and information technologies, have presented BAL an opportunity to build on initiatives put in place since 1999. The P-Card initiative has produced cost savings through the shortening of procurement process for non traceable generic goods, but new e-based initiatives must be sought to further stream line the bidding and contracting process.

The principle of identifying the best procurement strategy is to manage the Client objectives and guarantee that the project sits within the correct price and within the appropriate time. It is apparent that whatever strategy adopted by the Client and its appointed professionals this might have an impact on the chosen procurement

E-commerce Explain what is meant by the term ‘E-commerce’. It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web, electronic funds transfer, smart cards, digital cash (e.g.

Procurement practices so as to achieve corporate objectives. Scholars in the field of procurement management describe the subject as important strategic activities that ensure that sufficient materials and services are available for the smooth operation of a company. Also, procurement now plays a new role in corporate performance involving value generation, integration and networking, positioned as a core competency, a driver of business strategy, and enabler of additional business.

At the time of designing the questionnaire process, we reviewed the comprehensive literature and adapted the relevant measures which were verified in the existing studies to formulate the measurement items. First, since every human task can be deputed to a software agent and such agent can perform any procurement activity on behalf of the users, that creates many difficulties to determine and measure all IAT applications in the procurement process. Consequently, we adapted the most important and common IAT applications to represent the measures of IAT usage at hotels FP from Khoo, Tor [13] and O’Leary [18]. Second, the FPPR were assessed by 24 items adapted from Quesada, González [42]. The five constructs of the FPPR, gathering information, supplier contract, contracting, requisitioning and intelligence and analysis, were assessed by 3,4,6,4, and 7 items respectively. Third, the procurement performance was also assessed by 21 items adapted fromQuesada, González [42]. The three constructs of the FPP, internal performance, supplier-related performance, and internal customer performance, were assessed by 7,7, and 6 items respectively. Additionally, all of the items were measured by five-point Likert scales ranging from “not at all = 1” to “to a great extent” = 5”. As a result, a preliminary questionnaire was designed.

The NSW Government on an estimate spends over $1 Billion on Information and Communication Technology (ICT) goods and services annually. As a key purchaser for various suppliers, it is in power to control and dominate over the growth of the ICT industry around Australia. In the past decade, the NSW Government has made changes to the ICT procurement policy to provide a more predictable and simplified procurement process.