What is E-Procurement?

eProcurement is the process of conducting B2B procurement activities using internet based applications. In addition to automated transactional processes, e-procurement allows buyers a wide range of flexibility in terms of the choice of vendors and products. e-Sourcing, e-Tendering, e-Auctions and e-Marketplaces are significant processes of the overall e-procurement proposition. Learn more about GEP’s eProcurement software.

Related Terms

What is Enterprise Resource Planning (ERP)?What is Enterprise Resource Planning (ERP) System?What is Ethical Procurement?What is eSourcing?What is eTender?