What are the principles of procurement?

Accountability, competitive supply, consistency, effectiveness, value for money, fair dealing, integration, integrity, informed decision making, legality, responsiveness, transparency.

Advantages and disadvantages of e-procurement?: Advantages:

• Automate procurement process
• Centralised transaction tracking
• Simplify reporting and contract compliance
• Reduce delivery times
• Shortens procurement cycle 
• Optimise and increase the efficiency of procurement teams
• Saves cost and limits maverick spending.

Disadvantages:

• The installation and integration of an e-procurement application with other enterprise back-end systems is just one potential obstacle in the way of successful implementation.
• Another obstacle is getting workers to use it. To ensure a smooth transition to the new online system, businesses must also collaborate with suppliers.