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Significance of E - Procurement in the Changing Business Scenario: A Case Study of Kerala Feeds Ltd

1Sr. Faculty, ESAF Bank Training Division, Thrissur, Kerala 680651, India. 2Corporate HeadMaterials, Kerala Feeds Ltd. (A Govt. of Kerala Undertaking), Kallettumkara, Kerala 680683, India. , Rekha U Menon , Parmod M. ,

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Journal of Social Welfare and Management 10(3 (Special Issue)):p 406-410, Sep-Dec 2018. | DOI: http://dx.doi.org/10.21088/JSWM.0975.0231.10318.14

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Abstract

 E-procurement system in many forms and modes are being used by business organizations in their supply chain nowadays. This is said to have enhanced their competitiveness in the highly challenging market place. Kerala Feeds Ltd. (KFL) is a Govt. of Kerala undertaking in the livestock feed business with multi-locale manufacturing facilities and have a turnover of Rs.500 crores. E-procurement system was implemented and being used by KFL for more than last 5 years. This case study on e-procurement network at KFL reviews whether the system is successful in terms of its responsiveness and effectiveness. The study reveals that the system has played a significant role in the supply chain management domain of KFL by enhancing the vendor base, affirming greater transparency, speedy procedure handling, ensuring cost effective purchases and by increasing supplier satisfaction. This case also reveals that the e-procurement is not a one sided B2B activity. Magnitude of relevance of e-procurement management is very crucial in today’s highly challenging and competitive business environment as it make sure better control and ensures efficiency. Such types of electronic system, in any form or with any module can be used by the business entities based on each industry type for enhancing its value chain.

 

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DOI: http://dx.doi.org/10.21088/JSWM.0975.0231.10318.14

Keywords

E-procurement; Supply Chain Management; E-Tendering; E-Reverse Auction; Kerala Feeds Ltd.

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