Month: February 2022

Reduced Transaction Time: individual business activities (transactions) can be completed much more quickly; they are not restricted by office hours and may not even need human intervention, thus increasing the capacity to complete transactions on a real-time basis. This means Read More …

The origins of e-procurement begin in the 1980s, with the development of electronic data interchange (EDI). This development, while ancient by today‟s standards, was groundbreaking for the time. EDI allowed customers and suppliers to send and receive orders (and invoices Read More …

E-procurement According to CIPS, e-procurement is: “The combined use of electronic information and communications technology (ICT) in order to enhance the links between customer and supplier, and with other value chain partners, and thereby to improve external and internal processes. Read More …

Globalisation This should be the obvious answer to the question and might not be as ‗strong‘ of an ‗emergency‘ trend as it used to be, but globalisation diversity has an effect on the way we study and understand how organisations Read More …

SWOT is an acronym which stands for strengths, weaknesses, opportunities and threats. A SWOT analysis summarizes the key issues from the business environment and the strategic capability of an organization that are most likely to impact on strategy development. The Read More …

The operating environment is also called the task environment and comprises of factors in the competitive situation that affect a firm’s success in acquiring needed resources or profitably marketing its goods and services. Amongst the most important of these factors Read More …