e-Procurement - Management of the purchasing function


The term "e-Procurement" (for Electronic Procurement, sometimes written eprocurement) refers to the use of new technologies to automate and optimize the purchasing function of the company.

The term refers to a B2B exchange, i.e. a transaction between two companies, which allows a buyer to consult the product catalog of a seller online and to directly place orders according to a well defined purchasing workflow. Thanks to e-procurement, the process of requesting estimates, issuing a purchase order and billing is handled electronically and in a centralized manner at the level of the two enterprises, which makes it possible to shorten the ordering and delivery times while simplifying the purchasing process. Overall, e-procurement therefore makes it possible to cut cost and improve handling of purchasing matters.

The term e-tendering (electronic bid) is sometimes used to refer to the use of the Internet to request estimates on one hand and receive bids on the other.

The term e-sourcing (electronic sourcing) refers to the use of the Internet to identify and contact new suppliers for a given type of product.

Ask a question
CCM is a leading international tech website. Our content is written in collaboration with IT experts, under the direction of Jean-François Pillou, founder of CCM.net. CCM reaches more than 50 million unique visitors per month and is available in 11 languages.
This document, titled « e-Procurement - Management of the purchasing function », is available under the Creative Commons license. Any copy, reuse, or modification of the content should be sufficiently credited to CCM (ccm.net).

Subscribe To Our Newsletter!

The Best of CCM in Your Inbox

Subscribe To Our Newsletter!