From point-and-click ordering using Web-based catalogs of individual suppliers, to marketplaces that bring together in one place the products or services offered by multiple suppliers, to live auctions that determine the lowest-price bidder — there is a wide range of new e-procurement methods and tools to help businesses buy goods and services better, faster, and cheaper.
Not surprisingly then, Purchasing magazine reports that over 90% of purchasing professionals expect to be buying online within the next 12 months -- with a total of perhaps several trillion dollars of goods and services transacted online over the next several years. 2 FOOTNOTES 1 Leveraging the e-Business Marketplace: Business-to-Business e-Procurement Trends, Opportunities, and Challenges, Deloitte Consulting, 1999. 2 Purchasing Magazine, Annual Survey of On-line Buying, 1999. What are you trying to