Automated Buying
The concept describes systems designed to aid organisations to streamline their purchasing processes and achieve savings. It presents a concise description of these systems, their core benefits, success factors and implementation steps.
Technique Overview
Automated Buying Definition
An automated buying system is "a networked software system that links a company’s web site to other vendors whose offerings and prices have been preapproved by appropriate management" (Rittenberg et al., 2010: 575). Automated buying can accelerate purchase cycle time, increase inventory control and improve contract compliance (CIPS: Summary of Technology in Purchasing; Lysons and Farrington, 2006).
Automated Buying Description *
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Business Evidence
Strengths, weaknesses and examples of Automated Buying *
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Business Application
Implementation, success factors and measures of Automated Buying *
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Professional Tools
Automated Buying videos and downloads *
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Further Reading
Automated Buying web and print resources *
Automated Buying references (4 of up to 20) *
- Botha, J., Bothma, C. and Geldenhuys, P. (2008) Managing e-Commerce in Business. Juta and Company Ltd., Cape Town: South Africa.
- Bragg, S.M. (2007) Accounting Policies and Procedures Manual. John Wiley: New Jersey.
- CIPS: Content and Catalogue Management.
- CIPS: Purchasing Policy and Procedures.
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