Contract & Procurement

A discussion write up on the risks inherent in using computer-based tools to manage procurement (such as

sharing proprietary business data). while also Identifying and discussing the risks and ranking them in order
of potential impact and likelihood, Was discussed below.

Procurement strategies are meant to follow the strategies that have already been established by an
organization and its functional departments. (Sollish, Semanik, Morris, Pinto, 2011) With the use of specific
types of procurement concepts, a process is readily chosen in which an e-procurement system can be
assimilated. Although there are many benefits from utilizing computer-based tools to manage procurement,
incorporating e-procurement systems involves different levels of risk.

Sollish, Semanik, Morris, and Pinto (2011) list 3 universal concepts that are used to procure work: (Laureate, 2012)

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