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Research Paper | Management | India | Volume 6 Issue 11, November 2017
E-Sourcing & E-Auctions in Procurement Operations: An Effective & Expedient Approach
Akshat Jain
Today's world is the world of high demand and supply. Where firms or organizations are seeking ways to fulfil those demands and productive & effective supply chain. Supply chain professional are thinking, analyzing, executing and creating strategies about how to compete in a much more better way. This has further motivated many organizations to adopt efficient strategies in order to enhance cost efficiency, supply chain processes and finally efficient and productive results. Now, here new & recent concept came into picture called as E-Auctions & E-Sourcing. An E-Auction is a well-known e-Sourcing concept. E-Auctions work by putting a plunging pressure on the charges by introducing competition into the procurement process and determining the bidding winner - the firm to whom the contract is to be awarded In this paper we will introduce the benefits of E-Sourcing & E-Auctions and issues, challenges in the same area.
Keywords: E-Sourcing, E-Auction, Sourcing, Auction
Edition: Volume 6 Issue 11, November 2017
Pages: 1487 - 1490
How to Cite this Article?
Akshat Jain, "E-Sourcing & E-Auctions in Procurement Operations: An Effective & Expedient Approach", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20178291, Volume 6 Issue 11, November 2017, 1487 - 1490
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