DELIVERING ON THE PROMISE OF E - PROCUREMENT 1 Executive Summary

Procurement is the process that buyers use to purchase items from sellers. E-procurement uses on-line facilities to conduct some of the procurement activities. In general, e-procurement consists of five major activities: analyze the spending, manage the purchasing requirements, manage the procurement process, implement the new selected supplier(s), and manage the suppliers; see Appendix I for more details. Eprocurement has three major players: the buyer, the bidding sellers, and the market maker. The market maker is a firm, independent of the buyer and sellers