Empirical Analysis of E-Procurement adoption in SMEs

Abstract

The significance of e-commerce in the global economy is expected to grow substantially in the 21st century. Business-to-business (B2B) e-commerce is said to be the most successful type of e-commerce because of the widespread implementation of consistent procedures for documents interchange (like Electronic Data Interchange (EDI)), delivery, trailing, distribution, and compensation amongst stock chain partners (B2C, B2E, and B2G). E-procurement refers to the act of purchasing properties and facilities electronically, typically through the use of the Internet and associated web-based tools. E-procurement is a part of B2B interchanges, and it is typically used to buy materials and components, as well as the more common MRO supplies. E-procurement has been shown to increase productivity and cut costs by some studies. There are many accounts in the literature of the rapid expansion of E-procurement to new republics and businesses. The learning goal of this research is to take stock of where E-procurement stands among small and middle-sized enterprises (SMEs) in Southcoast Massachusetts at current time. The primary purpose of this paper is to acquire more about the existing state of E-procurement in SMEs and features that impact the acceptance of E-procurement. A questionnaire study was used to amass the information. Information procurement via the internet (E-procurement) is described, along with the Southcoast of Massachusetts's conceptual model for its effective implementation.