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Industrial organizations use electronic catalogs, virtual marketplaces, and online reverse auctions as a part of the...

Industrial organizations use electronic catalogs, virtual marketplaces, and online reverse auctions as a part of the eProcurement revolution.

True

False

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Answer #1

Answer :- False.

The benefit of e-procurement is e-calalogs, e-reverse auction, e-sourcing, e-ordering, e-tendering, e-informing etc. With the help of e-calalogs, employees order things they needed. With e-reverse auction, the organisation can purchase goods and services with low price from the suppliers. The part of e-procurement revolution includes risks, resistance to change from employees, readiness of catalog contents, uncertainty from suppliers, cultural differences etc.

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