• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

an explanation required for e-procurement

Forums › ACCA Forums › ACCA SBL Strategic Business Leader Forums › an explanation required for e-procurement

  • This topic has 2 replies, 3 voices, and was last updated 13 years ago by serenelsl234.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • October 1, 2011 at 9:14 pm #49978
    sumreenkanwal
    Member
    • Topics: 3
    • Replies: 8
    • ☆

    hi…can anyone please explain the meaning of buyer centric and seller centric in the context of e-procurement
    thanks

    October 31, 2011 at 11:32 pm #88531
    serenelsl234
    Member
    • Topics: 1
    • Replies: 6
    • ☆

    From what I’ve studied, e-procurement has 3 main elements – e-sourcing, e-purchasing & e-payment.

    in terms of e-sourcing, i think it’s more buyer centric (buyer first) coz it allows buyers to find new suppliers online and establish contracts easily. it saves the buyer administrative time and money.

    e-purchasing covers product selection and ordering. i think this one is a little ambiguous. buying and selling online streamlines the whole procurement process. from the supplier’s point of view, it reduces overheads through spending less on administration time and cutting down on bureaucracy. suppliers can also improve on customer service by being able to track orders at any time of the day. buyers can place orders by just a few clicks. suppliers can issue e-catalogue to targeted customers n this saves the suppliers a big sum of money in printing paper catalogues.

    e-payment includes tools such as electronic invoicing and electronic funds transfers. it reduces costs and errors and it provides a cost advantage for both buyers and suppliers.

    in general, i think there isn’t any buyer centric or seller centric element in e-procurement. fyi, this topic has been tested in june2011 i.e. unlikely to come out in dec2011.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Burtv1610 on Financial instruments – convertible debentures – ACCA Financial Reporting (FR)
  • BhavitB on Objectives of organisations – ACCA (AFM) lectures
  • Moliselumka on MA Chapter 1 Questions Accounting for Management
  • Luqman12 on The use of computers in accounting – ACCA Financial Accounting (FA) / FIA FFA
  • TAssi07 on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in