Describe procurement and why operating resource procurement is top management issue. Describe why operating resource procurement processes equates to controlled chaos. Explain the main differences between buy-side and sell-side applications. Describe buy-side e-procurement,opportunities, requisitioning, applications, solutions, and integration issues. Expalin the buy-side requisitioning process and buy-side requisitioning integration issues. Write down the elements of sell-side e-procurement solutions? Describe core technologies and allowing technologies. Give suitable examples for each. Briefly explain seven steps in e-procurement manager's roadmap. Write your suppositions on why each of these steps is significant. You might explain the degree to which you feel each step is important. Where applicable, apply these concepts to organization.
Managers utilize information form what-if scenario analysis to develop simulation models which permit them to anticipate inventory fluctuations. Describe the value in doing this and give examples