E-procurement and diffusion of innovation theory and Rogerss model Thesis

E-procurement and diffusion of innovation theory and Rogerss model - Thesis ExampleThis research will gravel with the statement that procurement is one of the most crucial aspects of any organization. In general term, it is defined as the process of purchasing goods and materials at a proper time at the best affordable price. E-procurement involves utilize the internet and other web-based technologies as a tool for procurement. The success of this technique in the private firmament has also aroused considerable interests among the public sector organizations with regards to adopting and implementing e-Procurement in their business process. In a typical e-Procurement process, an organization purchases goods and materials from suppliers by using the internet as a medium. E-procurement processes are characterized by the presence of e-marketplaces which is a platform that brings suppliers and buyers together. E-marketplaces also have the option of a reverse auction where competitive bidding tidy sum be undertaken for procuring a particular material. The process of e-Procurement involves the following steps namelyReview of various suppliers compilation documents related to Request for QuotationsSending out Request for QuotationsRevisions and resending related to Request for QuotationsReceiving proposals of RFQsCompiling and evaluating solventReview of bidsNarrowing down on the list of biddersNegotiationsSelecting the winning bid.