The Evolution of Electronic Procurement

Transforming Business as Usual

Tobias Schoenherr (Autor)

Buch | Softcover

XIX, 132 Seiten

2018 | Softcover reprint of the original 1st ed. 2019
Springer International Publishing (Verlag)
978-3-030-06764-9 (ISBN)

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This book responds to the increasing speed with which the domain of electronic procurement has been evolving, as well to the significant advances predicted to take place in the near future. Covering the fundamentals of electronic procurement as well as advanced applications, the main focus is on the critical importance of information technology for modern supply management professionals. Tracing the evolution of electronic procurement over the last 20 years, the book illustrates how the concept has evolved from a novel idea into a standard approach that cannot be neglected, fundamentally transforming business as usual. The transformation is highlighted by the evolution of online reverse auctions, as well as the ensuing expansion of technology to virtually all aspects of strategic sourcing in the form of integrated electronic sourcing suites. Several advances and new applications of electronic procurement are presented, with an emphasis on how social media can be leveraged for supply management and its associated significant potential.

Tobias Schoenherr is Professor of Purchasing and Supply Management at the Broad College of Business, Michigan State University, USA. An award-winning scholar and teacher focusing upon the area of sourcing, he has published more than 60 papers in peer-reviewed academic journals. He is currently Co-Editor-in-Chief for the International Journal of Operations and Production Management, and also serves as Associate Editor for the Journal of Operations Management, Decision Sciences and the Journal of Purchasing and Supply Management.

Chapter 1: Setting the Stage

Supply (Chain) Management and Strategic Sourcing

The Increasing Importance of Supply Management

Concluding Thoughts

Chapter 2: Why You Cannot Neglect Electronic Procurement

The Opportunities Are on the Table A Brief Illustration of the Impact of Electronic Procurement

Benefits of Electronic Procurement

Visibility

Communication

Efficiency

Automation

Standardization

Availability

Process benefits

Additional drivers

Buyer Beware: Drawbacks of Electronic Procurement

System Capabilities

Implementation Costs

Reduced Human Interaction

Internal Resistance

Supplier Limitations

Security

The Importance of Preparation

Planning

Systems Analysis and Planning

Systems Design

Development

Integration and Testing

Implementation

Operations and Maintenance

Further Consideration

Concluding Thoughts

Chapter 3: The Evolution of Electronic Procurement

A Common Theme: Facilitating Information Flows

Electronic Data Interchange

Materials Requirements Planning

Manufacturing Resource Planning

Enterprise Resource Planning (ERP) Systems

Integration and Implementation Benefits

Implementation Considerations

ERP Systems as an Enabler of Competitive Success

Additional Applications

Concluding Thoughts

Chapter 4: The Advent of the Internet and Online Reverse Auctions

Tapping into My Evolving Research Stream

Making the Online Reverse Auction Decision

Bundling Research

Adoption Research

Avoiding Mistakes and Developing Best Practices

Mechanics of Online Reverse Auctions

Supplier Benefits

Concluding Thoughts

Chapter 5: Online Reverse Auctions: Challenges and Best Practices

The Importance of Having the Right Bid Package

Preceding Work on Item and Bundle Characteristics

The Importance of Preparation

The importance of Education and Training Moving Toward Self-proficiency and the Role of the Online Auction Provider

Value Added Benefits Offered by Third-Party Providers

Dispelling the Myths Surrounding Online Reverse Auctions

Online Reverse Auctions are Only About Price

Online Reverse Auctions are Only Suitable for Commodities

Online Reverse Auctions Damage Buyer-Supplier Relationships

Savings in Online Reverse Auctions will Decrease over Time

Online Reverse Auctions Are a Passing Fad

An illustrative Example of a Successful Online Reverse Auction Implementation

Concluding Thoughts

Chapter 6: Becoming Mainstream: Electronic Sourcing Suites

Strategic ModulesOnline Reverse Auctions

Spend Analysis

Performance Management

Contract Management

Operational Modules

Catalogue Management

Requisition Management

Purchase Order Management

Invoice Management

Electronic Sourcing Suite Provider Landscape

Concluding Thoughts

Chapter 7: The Potential of Social MediaDefinition and Background

Study Design

What Is Social Media?

How Is Social Media Being Used?

Why Is Social Media Used Not More Often?

How Can Social Media Be Used to Drive Business Performance?

Concluding Thoughts

Chapter 8: Outlook to an Exciting Future

Blockchain

Big Data Analytics

Data VisualizationArtificial Intelligence and Cognitive Procurement

Concluding Thoughts

Erscheint lt. Verlag	13.12.2018
Zusatzinfo	XIX, 132 p. 15 illus.
Verlagsort	Cham
Sprache	englisch
Maße	148 x 210 mm
Gewicht	208 g
Themenwelt	Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Logistik / Produktion
Schlagworte	Big Data • Blockchain • Electronic Data Interchange • Enterprise Resource Planning • Information Technology • requisition management • Social Media • Sourcing • strategic decision making • Strategic Sourcing • Supply Chain Management
ISBN-10	3-030-06764-5 / 3030067645
ISBN-13	978-3-030-06764-9 / 9783030067649
Zustand	Neuware