Traditionally, procurement covers the sales and purchase activities between two entities, which covers various aspects from searching, sourcing, negotiating, ordering, and receipt, to post-purchase review. In line with the advancement of information and communication technologies, as well as with the rapid growth of the Internet, more and more people and organisations are becoming connected. In order to move with the times, many businesses around the world have looked into implementing e-procurement systems.

Requirement

a) Examine at least three (3) e-procurement tools used in contemporary purchases EV(10 marks)

b) Do you think the adoption of e-procurement tools in contemporary business have created value for firms? Discuss CR(20 marks)

c) Some are of the view that the adoption of e-procurement has eased up the procurement functions, thus establishing a centralized procurement department within organizations has lost its relevance since each department within the organization can adopt e-procurement tools for its supplies. Discuss. EV(20 marks)