Business and Customers

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Required Text(s)

  • Jelassi, T., Enders, A., & Martinez-Lopez, F.J. (2020). Strategies for E-Business: Concepts and Cases on Value Creation and Digital Business Transformation (Classroom Companion: Business) (4th Ed.).Springer Publication
  • Afuah, A. (2014). Business Model Innovation: Concepts, Analysis, and Cases. (2nd ed.). New York City: Taylor & Francis. ISBN#: 9780415817400 (print), 9781136656491 (e-text).

Requirements: every question 250-300 word

Answer preview

E-Procurement can be described as the process where institutions or businesses request, order, and buy products or services via the online platform. In most cases, electronic procurement is a b2b process. Unlike e-commerce, eProcurement utilizes suppliers in a closed system and is only available to businesses that are only registered to a particular supplier system (Ronchi, Brun, Golini, & Fan, 2010). In other words, it facilitates interactions between businesses and customers via bids and so on. It is valuable to the organization as they easily access the customers. Moreover, it makes it easier for customers to make purchases. It allows the customers to have a variety of goods and services they may opt to buy.

The Elements of the E-Procurement Value Chain

There are various elements of the e-procurement value chain. One of the elements is e-forming.

[1055 Words]

Business and Customers