Improvement of procurement process through introduction of information technologies
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Date
2019-10
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Abstract
This work defines the term procurement as the process of finding and agreeing to terms, and acquiring goods, services, or works
from an external source, often via a tendering or competitive bidding process. It is used to ensure the buyer receives goods, services,
or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Consequently,
improvement of procurement activity of a company will increase its efficiency and profitability.
Description
Through implementing modern solutions and information systems, increasing the interconnection of functions, increasing the
control and competence of key employees, as well as minimizing the risks of fraudulent schemes, a company can achieve a significant
increase in its efficiency.
Keywords
procurement, automation, information system, Balanced Scorecard
Citation
Novak V.O. Improvement of procurement process through introduction of information technologies/ V.O. Novak , D.S. Kryvoshei// Економіка. Фінанси. Право. – 2019. – № 10 – С. 20-24.