CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY
From the late Nineties, a raft of latest e-commerce technologies emerged that aimed to revolutionize operating practices, replace existing businesses and lead in the production of new business models (Sinha, I.2000; Barua et al.,2001). Following this growth in use of e-commerce in business-to-business markets, there has been important adoption of latest supply chain-related technology and applications by organizations globally. The procurement function has been notably stricken by this trend with a foretold growth in e-procurement applications covering each transactional shopping for and strategic sourcing activities (Croom S, 2000). A major contributor behind this development has been the evolution of the procurement function towards an additional strategic role in supporting both, company goals and supply chain objectives.
Procurement is a central service provided by a zealous team of executives. It functions at the interface between the organizations, the external supplier, marketplace and also the organizations operational processes (Knudsen D, 2003). This implies that the procurement processes and data have to be on the market for one or all actors within the supply chain to optimize the advantages of e-procurement. The applications that inform the e-procurement landscape are designed to alter the buying cycle, optimize pay, improve methods and progress, support bidding and tendering and facilitate more practical
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