When Schlumberger Oilfield Services needed supplies for its global operations, it used an e-procurement system to connect
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When Schlumberger Oilfield Services needed supplies for its global operations, it used an e-procurement system to connect buyers and suppliers via the Internet. Bidders around the world can compete online for contracts in different currencies and languages. The easy-to-use system saves Schlumberger nearly $400,000 a month in transaction costs and has decreased its order fulfillment time.
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Imagine that your company has manufacturing plants in both the United States and Japan. Describe how an e-procurement system might be helpful.
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An eprocurement system might be helpful in that it could be used to buy needed s...View the full answer
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