E-Proeurement Solution (Bid Evaluation and Clarification Module)

The Internet's rapid growth has motivated many companies to add electronic
commerce components to their otherwise traditional business operations to gain
competitive advantage against rising competitors. Business-to-business online
procurement has recently emerged as one of the hottest topics in the world of
commerce and business technology. The growth of the Internet and procurement
automation software is offering ever-increasing operational cost savings to
enterprises; extending trading communities and lowering the financial barriers to ECommerce
and E-Procurement participation from both the buying and the selling
sides. The objective and scope of the study is to presentthe benefits, challenges and
evolutions of E-Procurement approaches generally and of automated procurement
solution specifically. To narrowdown the scope further, this study / research will be
focusing on the bid evaluation and clarification module of automated procurement
system; its approaches, developments and expansions.