Discuss the benefits and drawbacks to electronic procurement.

Four types of benefits, transactional, compliance, management information, and price, are associated with electronic procurement.  As an example, transactional benefits measure the transactional benefits, such as a reduced invoice-to-payment time, that come from e-procurement.  One concern with electronic procurement involves the security of information that is being transmitted; there is a risk that sensitive or proprietary information could end up in the wrong hands.  Another concern is that e-procurement can be impersonal in the sense that human interaction is replaced by computer transactions.

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