What is E-Procurement?
E-Procurement is the purchasing of goods and services using the internet.It
- Covers full life cycle of purchasing (indent to receipt of goods)
- Connects buyers and suppliers through electronic exchange of Tenders, catalogs, contracts, POs, invoices etc
- Electronic Tendering is carrying out the traditional tendering process in an electronic form, using the internet.
- Includes on-contract and off-contract buying
Includes a variety of off techniques such as RFPs, quotes, auctions and reverse auctions