electronic procurement system
1.0 Introduction
History
It all started on September 2011 with five businessmen namely Patrick Chin, John Sy, Lui Tan, Rey Matias and Engineer Dick Or. Rey Matias, the architect of ACRM and Associates, a construction company which experienced a bankruptcy, convinced John Sy and Lui Tan to help him finish five of his projects. Later on, they have decided to establish a construction company, OMNI Global Builders & Development Corporation (OGBDC) located in Quezon Avenue, that Mr. Rey Matias will be their Technical Consultant with respect to their agreement that 90% of architect Rey Matias’ project will be handed by OGBDC.
E-Commerce
Electronic Commerce became known as a new business model because of its influence on the power of the internet to offer business opportunities. Through this, different companies can now easily gain access to a worldwide market in promoting their products and services. It offers what is considered a more level playing field to compete with bigger and more financially sound competitors, not only for big companies but also for smaller companies. In a short period of time, the internet has transformed the traditional business models, and speed up business cycles. From the usual way of attracting customers to websites, businesses will now then use the internet as a tool to give the customers the information they want, anytime and anywhere.
E-Procurement
The global electronic commerce transformation is coming into a new phase. While the first stage was motivated by the vision and modernization of business-to-customer internet companies, the next phase will be characterized by the leadership and market success of companies who are into business-to-business Electronic Commerce. Business procurement has emerged as one of the important key driver of this B2B(business-to-business) revolution. E-Procurement is set to transform the purchasing process within and between buyer and supplier organization by replacing paper-based purchasing
History
It all started on September 2011 with five businessmen namely Patrick Chin, John Sy, Lui Tan, Rey Matias and Engineer Dick Or. Rey Matias, the architect of ACRM and Associates, a construction company which experienced a bankruptcy, convinced John Sy and Lui Tan to help him finish five of his projects. Later on, they have decided to establish a construction company, OMNI Global Builders & Development Corporation (OGBDC) located in Quezon Avenue, that Mr. Rey Matias will be their Technical Consultant with respect to their agreement that 90% of architect Rey Matias’ project will be handed by OGBDC.
E-Commerce
Electronic Commerce became known as a new business model because of its influence on the power of the internet to offer business opportunities. Through this, different companies can now easily gain access to a worldwide market in promoting their products and services. It offers what is considered a more level playing field to compete with bigger and more financially sound competitors, not only for big companies but also for smaller companies. In a short period of time, the internet has transformed the traditional business models, and speed up business cycles. From the usual way of attracting customers to websites, businesses will now then use the internet as a tool to give the customers the information they want, anytime and anywhere.
E-Procurement
The global electronic commerce transformation is coming into a new phase. While the first stage was motivated by the vision and modernization of business-to-customer internet companies, the next phase will be characterized by the leadership and market success of companies who are into business-to-business Electronic Commerce. Business procurement has emerged as one of the important key driver of this B2B(business-to-business) revolution. E-Procurement is set to transform the purchasing process within and between buyer and supplier organization by replacing paper-based purchasing