Most companies have to buy goods or services from other companies in the course of doing their business. The procurement can be for physical components such as silicon chips, plastic components, or power modules, as well as for services such as contract manufacturing or overnight courier services.
Procurement within an enterprise environment is extremely complex. Just some of the key issues that must be addressed include:
There are multiple vendors that provide the same or similar goods or services.
There may be existing relationships or most-preferred statuses in place with one or more of the vendors to provide preferential pricing, and these change constantly.
There may be component or service credits due from one or more ...