The process of online requesting, ordering, and buying goods and services is known as electronic procurement, also referred to as e-procurement software or supplier exchange. It involves business-to-business transactions. In contrast to e-commerce, E-procurement relies on a supplier's closed system and is only accessible to registered users.
procedures for e-procurement
E-procurement in 5 easy steps
online sharing of information.
E-informing, also known as online information transfer, is the phase that corresponds to a conventional procurement cycle.
Online tendering, online sourcing, and more
Auctions are conducted online.
ordering products online.
critical to e-procurement
System and technology, organization and management, and e-procurement practices and processes are the three main components to succeed in the e-procurement initiative.