Automated Buying

Automated buying usually accelerates purchase cycle time, increases inventory control and improves contract compliance (Lysons and Farrington, 2006).

Information about Automated Buying

Automated buying appears in many forms under the e-Procurement banner and has a long history of use across many different industries and contexts. For example, Baker and Taylor developed the first vendor-based automated acquisitions system for libraries (commonly re-ferred to as BATAB) in 1969. It was a modular batch system that supported five major buying areas: selection lists, automatic purchase order printing, open orders and claiming, fund ac-counting, and history and statistics (Hale, 1995). The BATAB system, which had to be mounted on a mainframe computer, also provided vendor lists, order record cards, edit listings, book histories, exception reports, invoice summaries, receiving, new titles and audit reports. Im-portantly, it provided a significant advancement on previous systems which had to be config-ured to local specifications, and which involved many hours of programming (Hale, 1995).

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Related concepts

eCommerce

ECommerce offers a wide range of benefits to customers and to businesses, including cost and time savings (Laudon and Laudon, 2007).

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eProcurement

EProcurement gives companies the ability to compare supplier prices, service levels, and product quality (Jaeger, 2011).

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eSourcing

ESourcing automates contract lifecycle management (CIPS: Electronic Commerce and e-Business).

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