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Pages 1-2

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From page 1...
... "Supply chain," "supply-chain management," "e-procurement," and other similar terms are commonly used interchangeably although they have different meanings and different levels of applicability for transit agencies. Leveraging these concepts to achieve the desired gains requires a basic understanding of the terminology, the concepts, a self-assessment of agency capabilities, and the will to make the investments needed in technology and personnel -- or the willingness to outsource, if necessary.
From page 2...
... Of these, automated purchasing systems -- typically software purchased from a vendor to standardize buying practices and aggregate purchasing volumes for better pricing -- are the most popular. Online auctions are popular with large corporations while governmental, educational, and non-profit entities tend to favor Internet market exchanges (i.e., e-markets)

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