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