Explain the overall benefits of eCommerce and how e-commerce can help reduce production cycle times. Give specific examples of companies and how this has worked. 1000 words Some e-procurement tools and applications include: electronic systems to support traditional procurementEDI (electronic data interchange)ERP systemsinternet as a support or complement to traditional procurementelectronic mail (e-mail)web enabled EDIextensible markup language (XML)world wide web (www)internet tools and platforms that replace traditional procurement – all of these tools can reduce production cycle times and produce optimum benefits. Please explain how!
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