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Increasing your Profit Margin through Electronic Procurement

Increasing your Profit Margin through Electronic Procurement

CHIN-NAM CHIA IBM Singapore Pte Ltd NAHUM GOLDMANM CSCI Computer Security Canada Inc. JON-PAUL MITTON CSCI Computer Security Canada Inc.

Abstract:

    The advent of the information technology (IT) era has brought internet and all its attendant web activities into the procurement arena. Just as the cyberbuyer is the new generation which has spun off the net, the Electronic Procurement System (EPS) is the engine which will be driving the procurement vehicle down the information highway.

    A surprising trail-blazer in the driver's seat is the Singapore government which has become the first in the region to implement the much-talked-about modus operandi of the future-the Singapore Electronic Procurement System (SEPS). SEPS was launched in October 1996.

    SEPS is an IT-enabler for procurement; a tremendously powerful tool that will revolutionise the purchasing climate, reduce overall administrative cost and beef up the organisation's bottom line. It automates and streamlines the laborious routine of the purchasing function, thus freeing up the purchasing professionals to focus on strategic purchases.

    SEPS has immense on-line potential. And this is just the tip of the iceberg. What's to come will be even more exciting. Get in the driver's seat of this new business machine now. The future is here. Learn to drive, or be left behind on the vast information highway.

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WebSphere MQ (known as MQSeries until 2002) is IBM's Message Oriented Middleware offering.

As the popularity of the personal computer grew, Lotus quickly came to dominate the office suite market. Lotus introduced other office products such as Ray Ozzie's Symphony and the Jazz office suite for the Apple Macintosh computer. Lotus acquired many software companies to gain products such as Freelance Graphics, Ami Pro, Approach, and Organizer. In the late 1980s, Lotus developed Lotus Magellan, a file management and indexing utility. In the early 1990s, several of the products were bundled together under the name Lotus SmartSuite. Although SmartSuite was initially more popular than Microsoft Office, Lotus lost its dominance in the desktop applications market. SmartSuite still ships by default with some IBM laptops, although it has continued to lose market share since its launch.

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