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 …
CONTRACT MANAGEMENT SYSTEMS
An e-contracting process or life cycle consists of a number of phases where each phase constitutes activities confined to that phase. At a broad level, we classify e-contracting processes into three phases: 1.E-contract formation. The following steps take place during Read More …
EXTRANETS
An extranet in an intranet that has been extended to give selected external partners (such as suppliers) authorized access to particular areas or levels of the organizations website or information network, for exchanging data applications, and sharing information. E.g. the Read More …
INTRANETS
The internet and the World Wide Web are n accepted framework for implementing and delivering information systems applications. The internet is a global collection of telecommunications linked computer networks, which has revolutionized global communication and commerce through tools such as Read More …
The structure of a common ERP
The essence of ERP is the fundamental approach which takes a wider, holistic view of the organization. Traditional application systems treat each transaction separately. They are built around the strong boundaries of specific functions that a specific application is meant Read More …