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Proceedings of HICSS-29: 29th Hawaii International Conference on System Sciences
Inter-organizational systems (10s) have the potential to affect all aspects of market and trade relationships, including search, negotiation, procurement, invoicing, and payment. Electronic links improve efficiency and effectiveness in markets and other inter-organizational transactions by (1) decoupling the flow of products from the flow of information and market processes, (2) reducing transaction costs by replacing costly physical markets with electronic marketplaces, or (3) improving the<span class="external-identifiers"> <a target="_blank" rel="external noopener noreferrer" href="https://doi.org/10.1109/hicss.1996.495356">doi:10.1109/hicss.1996.495356</a> <a target="_blank" rel="external noopener" href="https://fatcat.wiki/release/uokieuycarcsvc5cp37flpv2ae">fatcat:uokieuycarcsvc5cp37flpv2ae</a> </span>
more »... lity to audit and monitor transactions, allowing the organization to increase delegation of responsibility without loosing control. The full potential of these systems to transform market and customersupplier relationships is just beginning to be realized, even though these systems have been used in some industries for decades (e.g. airlines).
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