The seven (7) steps to effectively implement e-procurement are: 1. Start with non-critical items. 2. Bring all internal stakeholders on board with your new procurement process to establish internal customer behavior. 3. Streamline, map, test, troubleshoot, and improve the process before expanding it to external suppliers. Work with a favored supplier to test the system. 4. Leverage your system once it's running. Exploit your full purchasing power by using reverse auctions. 5. Aggregate buyers within your organization to increase your purchasing power and gain better pricing. 6. Use an incremental approach to expand your system. 7. Once the bumps have been ironed out of the system, move on to the manufacturing operations. A. True B. False The Internet has revolutionized ___________. A. commodity purchasing B. home entertainment C. stock trading D. manufacturing E. retailing Firms routinely place orders with suppliers online and in real time. Perhaps the most significant change in the purchasing process is the advent of ___________. A. eBay B. reverse auctions C. Amazon.com D. silent auctions E. traditional auctions