Application of project management in e-procurement

Procurement is a key process in the supply chain and, with the advent of Internet, procurement processes have had to be redesigned and reorganised. This has led businesses around the globe to embrace e-procurement in order to enhance the management of their supply chains and the facilitation of their procurement processes. Internet-based procurement technologies are fundamentally changing the way purchasers buy goods. However, in spite of the promise that e-procurement holds, because they have found the implementation process to be more complex, expensive, and time consuming than originally expected, many firms have not received the hoped-for benefits from e-procurement investment.