E-Commerce and procurement
• Electronic Data Interchange (EDI) is the electronic transmission of data between a firm and its suppliers
– Shares information and knowledge such as order entry, planning/scheduling, tracking, delivery, billing and payment
• Internet-based communications offer several opportunities for making product information available while overcoming compatibility issues between computer systems
– Electronic catalogs allow rapid access to product info, specifications, pricing and ordering
– Buying exchanges allow sellers or buyers of specific goods or services to find each other on a common web site