31 October 2002
More than half of US purchasing managers are buying from, and negotiating with, their suppliers online, according to a new survey.
The figure of 53.5 per cent is the highest yet reported by the Institute for Supply Management's quarterly Report on e-Business, which polls purchasing managers at 289 firms.
The survey also found that the proportion of large buyers using procurement tools rose by a third this quarter, to 54 per cent.
The proportion of firms using e-auctions fell from 22.4 per cent to 18.8 per cent, but there was more activity on private exchanges, which were used by almost a third of companies.