Simplifying Life@Work – a B2B eProcurement Solution: An Overview of the potentials of an Internet start-up in Egypt
Emerging information and communication technology is driving change in the digital economy. Speed, competition and globalization are key factors for development and growth in the re-engineered global business environment where electronic business promises to grow in volume irrespective of the model utilized. This paper demonstrates the case of speedsend.com which is a customized web-based business2business electronic procurement platform.
The Internet start-up was established in Egypt in 2001 and became the leader in the marketplace. Speedsend.com, faced with a set of challenges related to electronic business implementation such as infrastructure, awareness and cultural adaptation, had to develop a set of models to drive down procurement costs while providing a practical and reliable electronic solution that can boost enterprise procurement efficiency and effectiveness. The paper focuses on the models deployed by Speedsend.com since its establishment demonstrating the challenges faced and lessons learnt.