E-commerce: Unconquered Territories

E--procurement is the purchasing of support goods and services through an online, private customized catalog. The catalog contains products a company is interested in, and has approved for employee purchase, as well as a company’s negotiated pricing.

According to AMR Research, the worldwide market for indirect procurement applications grew 67 percent last year, reaching $259 million in sales. AMR projects 130-percent growth of the applications during 2001. By 2005, research group Gartner anticipates $8.5 trillion in transactions will take place through e-procurement.