Electronic search and retrieval â 24/7 access/retrieval capability. Increased visibility of all procurement & payment actions. Reduction in data entry/human error. Lower postage, handling, retention and document management costs.
In relation to the European Union, harmonisation of law (or simply harmonisation) is the process of creating common standards across the internal market. Though each EU member State has the primary responsibility for the regulation of most matters within their jurisdiction and consequently each has its own laws.his is the appeal of harmonisation, it takes into account the local factors yet applies general principles to make a consistent framework of law. It generally incorporates local factors under a relatively unified framework. An example of harmonisation can be drawn from the European Union and the use of Directives.
What is globalisation? Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services. The biggest companies are no longer national firms but multinational corporations [MNC: Multinational Corporations (MNC) are sometimes called Transnational Corporations (TNC).