this models of b2b helped bring buyer and sellers together to reduce procurement cost
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This paper will present an e-procurement model to facilitate online B2B exchanges. Large organizations in Australia and around the world are increasingly implementing e-procurement, which has increased the need for services of intermediaries such as `emarkets ' to facilitate the process. However, both being new and unproven require theories and models to support their roles in the online procurement process. The model The model provides a framework to reduce procurement costs to both buyer and supplier by addressing e-enabled strategic marketplace sourcing, e-enabled supply chain and e-enabled acquisition and purchase to pay process. The role of e-markets that act as trusted intermediaries between the buyer and supplier are also discussed. This paper is a research in progress. At the conference some of the findings from a large Australian organization and at least one e-market will be presented.