It is the process where the company uses their own workers (in-house team) to develop ot implement an IT system that fits the specific needs of the company. This process allows for the creation of a more customized system that Read More …
Day: February 26, 2022
OUTSOURCING
Outsourcing it is the use of external service providers to effectively deliver IT enabled business process, application services and infrastructure solutions for business outcomes. There are 3 types of outsourcing: Bodyshop outsourcing- it is a situation where management uses outsourcing Read More …
SOURCING PROCESS
Sourcing is finding or obtaining a potential supplier for goods and services. Strategic sourcing is a complicated process involving a number of interrelated tasks e.g.: 1. Identify or re-evaluate needs- in some instances, needs must be re-evaluated because they have Read More …
ESSENTIAL FEATURES OF E-PROCUREMENT SYSTEMS
1. The software should be secure and not vulnerable. It should be virus free and able to combat a threat through active scanning and elimination of detected threats. 2. The system should be scalable. The capacity of a system to Read More …
TYPES OF E-PROCUREMENT APPLICATIONS
1. OFF-THE-SHELF APPLICATIONS It is short form for commercial off the shelf (COTS) It’s software that is ready made and available for sale to the general public e.g. Microsoft Office is a COTS product that is packaged as a business Read More …
The broader impact of ICT on procurement and supply chain management
Technological developments have a range of impacts on business and purchasing activity; 1. Automation and computerization raises productivity by allowing faster, more accurate, more consistent work than human beings can achieve alone. A supplier with access to advanced design, manufacturing, Read More …
