Since its inception three years ago, the euphoria and bandwagon of e-business has finally settled down. Despite the cooling of the dotcom hysteria, e-businesses have become focused and appear to have stepped effortlessly in the 21st century. This change in business structure and strategy is evident in the application of Web technology for the articulation of new business plans, to leverage business partnerships and improve customer service against the setting of a currently fragile economy. The research firm, International Data Corporation (IDC) forecasts have indicated that the Asian region will drop its hold on the worldwide e-commerce market from 25 percent in 2000 to 21 percent by 2003. So why has e-business not taken off as expected? One of the major obstacles is coming to an agreement on standards for online transactions. Thus this paper aims to highlight the significant role of RosettaNet, an Internet based common messaging standard for global supply chain management. Many countries in North America, Europe and Asia have adopted RosettaNet standards and have established their own organizations to facilitate standards collaboration and implementation. The Government decided to adopt RosettaNet for Malaysia in view of the increasing importance of Malaysia as a hub for many of electrical and electronic components. A board chaired by the International Trade and Industry Minister with representation from the public and private sectors manages RosettaNet Malaysia. (NST, 2001).
Keywords: e-procurement, strategic sourcing, RosettaNet Malaysia (RN Malaysia)
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