Migrating Procurement onto the Internet

Abstract

The emergence of advanced technology and the Internet leads to a trend for companies to migrate onto or to publicize themselves on the Internet as a business norm. Such migration involves business reengineering in procurement processes, which would result in pros and cons such as procurement time and cost saving, and resistance to change respectively for both buyers and sellers. This paper presents the migration of procurement onto the Internet, highlighting the ways in which business processes can be changed with the necessary technical requirements, and the possible pros and cons are encountered during the migration. An industrial example is used to illustrate the corresponding evolution as a result of electronic commerce (EC) deployment.