e-Procurement - Management of the purchasing function

Ask a question

e-Procurement

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.

Jean-François Pillou

CCM is a leading international tech website. Our content is written in collaboration with IT experts, under the direction of Jeff Pillou, founder of CCM.net. CCM reaches more than 50 million unique visitors per month and is available in 11 languages.

Learn more about the CCM team

Related