Procurement today is typically a low-tech affair. In most companies, it involves paper catalogs, paper forms, fax machines, FedExes, snail mail and lots and lots of phone calls to check price and availability or to collect information about prospective suppliers. Few companies involved in business-to- business (B2B) purchasing have software systems to support procurement specialists in making the process strategic.
But the Internet changes everything, even procurement. A "New Procurement" is slowly arising that brings the process online to speed it up, make it consistent and enlighten it with complete and up-to-date information.
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