Description:Whether you believe it is the second industrial revolution or merely an over-hyped offering from the software industry, e-procurement is upon us. Something that has been around in various forms for more than ten years in a small way, has now accelerated to the point where 92% of the Fortune 500 companies say they are using it, or intend to use it. The statistics showing take-up and growth point to a phenomenon that is rivalling the Internet itself as a characteristic of modern growth.