Tobias Schoenherr is Professor of Purchasing and Supply Management at the Broad College of Business, Michigan State University, USA. An award-winning scholar and teacher focusing upon the area of sourcing, he has published more than 60 papers in peer-reviewed academic journals. He is currently Co-Editor-in-Chief for the International Journal of Operations and Production Management, and also serves as Associate Editor for the Journal of Operations Management, Decision Sciences and the Journal of Purchasing and Supply Management.

• Chapter 1: Setting the Stage.- Chapter 2: Why You Cannot Neglect Electronic Procurement.- Chapter 3: The Evolution of Electronic Procurement.- Chapter 4: The Advent of the Internet and Online Reverse Auctions.- Chapter 5: Online Reverse Auctions: Challenges and Best Practices.- Chapter 6: Becoming Mainstream: Electronic Sourcing Suites.- Chapter 7: The Potential of Social Media.- Chapter 8: Outlook to an Exciting Future.

Tobias Schoenherr is Professor of Purchasing and Supply Management at the Broad College of Business, Michigan State University, USA. An award-winning scholar and teacher focusing upon the area of sourcing, he has published more than 60 papers in peer-reviewed academic journals. He is currently Co-Editor-in-Chief for the International Journal of Operations and Production Management, and also serves as Associate Editor for the Journal of Operations Management, Decision Sciences and the Journal of Purchasing and Supply Management.

• Chapter 1: Setting the Stage.- Chapter 2: Why You Cannot Neglect Electronic Procurement.- Chapter 3: The Evolution of Electronic Procurement.- Chapter 4: The Advent of the Internet and Online Reverse Auctions.- Chapter 5: Online Reverse Auctions: Challenges and Best Practices.- Chapter 6: Becoming Mainstream: Electronic Sourcing Suites.- Chapter 7: The Potential of Social Media.- Chapter 8: Outlook to an Exciting Future.

Tobias Schoenherr is Professor of Purchasing and Supply Management at the Broad College of Business, Michigan State University, USA. An award-winning scholar and teacher focusing upon the area of sourcing, he has published more than 60 papers in peer-reviewed academic journals. He is currently Co-Editor-in-Chief for the International Journal of Operations and Production Management, and also serves as Associate Editor for the Journal of Operations Management, Decision Sciences and the Journal of Purchasing and Supply Management.

• Chapter 1: Setting the Stage.- Chapter 2: Why You Cannot Neglect Electronic Procurement.- Chapter 3: The Evolution of Electronic Procurement.- Chapter 4: The Advent of the Internet and Online Reverse Auctions.- Chapter 5: Online Reverse Auctions: Challenges and Best Practices.- Chapter 6: Becoming Mainstream: Electronic Sourcing Suites.- Chapter 7: The Potential of Social Media.- Chapter 8: Outlook to an Exciting Future.