First, the major impact of electronic contracting is the ability of buyers to be more active in seeking sources for services and goods, while sellers have the opportunity to market their services and goods at a fairly low cost. The process will improve just-in-time contracting and inventory control.
Additionally, the policies and procedures for the establishment and use of electronic commerce in the federal acquisition process are contained in FAR 4.5, Electronic Commerce in Contracting. The requirement for this comes from Section 30 of the Office of Federal Procurement Policy (OFPP) Act (41 U.S.C. 426). The policy statement at FAR 4.502, stated that "The Federal Government shall use electronic commerce whenever practicable or cost-effective.