Answer to Question #155652 in Management for Prabhdeep

Question

Write a short note on Internet Procurement?(Please Answer in 100 to 150 Words )

Answer 1

Internet procurement is the delegated process involving procedural and systematic order in placing different purchase requests and orders, including receiving goods and services that are successfully ordered through the internet. However, internet procurement breaks down the physical and manual process of tendering, placing various order requests, and delivering goods and services to be easier. It reduces paper work and a lot of time wasted explaining the required description of goods and services required. The use of internet procurement enhances fast service delivery since it enables easier access to required descriptions about different orders and delivery of goods and services. Generally, it makes outsourcing, tendering, and other procurement processes easier and fast, including reducing financial costs.