Upon completion of this chapter, the reader should be able to:
7.1 Identify the steps in the standard purchasing cycle.
7.2 Describe systems contracting and the efficiencies achieved by using it.
7.3 Identify the technical requirements for e-procurement.
7.4 Explain the advantages and disadvantages of reverse auctions.
7.5 Define EDI and state its role in e-procurement.
7.6 Explain RFID technology.
7.7 Discuss the challenges to consider when introducing new technologies.