Developing Internet Online Procurement Frameworks for Construction Firms

Electronic purchasing or e-procurement saves millions of dollars yearly in transaction costs. E-procurement helps to cut down the supplier base, promotes paperless transactions, and increases transparency and accountability in the procurement process. Nonetheless, studies report that around 80% of e...

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Bibliographic Details
Published inFuture internet Vol. 11; no. 6; p. 136
Main Authors Deraman, Rafikullah, Wang, Chen, Yap, Jeffrey Boon Hui, Li, Heng, Mohd-Rahim, Faizul Azli
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.06.2019
Subjects
Access to information
AEC firms
Business to business commerce
Construction companies
Construction industry
Cost control
critical success factors (CSFs)
Efficiency
Electronic commerce
Electronic procurement
electronic purchasing/e-procurement
Industry 4.0
Information sharing
Initiatives
Internet
Multiple regression analysis
predicting variables
Procurement
Project management
Purchase orders
Purchasing
Research methodology
Studies
Success factors
Supply chain management
User satisfaction
United Kingdom > UK
Nigeria
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Summary:Electronic purchasing or e-procurement saves millions of dollars yearly in transaction costs. E-procurement helps to cut down the supplier base, promotes paperless transactions, and increases transparency and accountability in the procurement process. Nonetheless, studies report that around 80% of e-procurement initiatives have met with failure and failed to achieve the desired results. Although studies to better understand the Critical Success Factors (CSFs) of e-procurement implementation involving various industries have been on the rise, little is known about architecture engineering and construction (AEC) practices, which has led to limited development of pragmatic frameworks to uncover the factors. Thus, this study aims to identify those CSFs (predicting variables) which significantly contribute to e-procurement implementation success in the construction sector and to put forward for better implementation. Results from multiple regression analysis revealed five factors to be statistically significant predictors of success. Three factors were determined to be predictors of user satisfaction. Finally, internet online procurement frameworks were developed for the success of e-procurement implementation in the construction sector.
ISSN:1999-5903
1999-5903
DOI:10.3390/fi11060136