Under what conditions does the use of modern information technology in procurement relationships lead to more dynamics, e.g. in the form of using (electronic) marketplaces; under what conditions are long-term partnerships predominant? This book analyzes the impact of advances in information technology on procurement decisions in organizations. On the methodological basis of transaction cost theory and search theory a formal model is developed to represent decisions on supplier selection and the use of information technology. General statements are made in respect of the effect of progress in...