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What are e-Procurement
e-Procurement is the term used for the electronic purchase solution - it is a software that allows addressing and selection of suppliers and also the actual purchase.

e-Procurement is the term used for the electronic purchase solution - it is software that allows addressing and selection of suppliers and also the actual purchase. The expandable material, commodities and services are most often purchased through e-Procurement. It takes place in the business relationship between the two companies (B2B).

e-Procurement in practice: e-Procurement solution is part of our supplier relationship management (SRM) and can support the entire process cycle from creation to the archiving requirement of a purchase transaction.

  • Creating a purchase requisition
  • Approval of purchase requisition
  • Addressing suppliers
  • Monitoring and evaluation of suppliers
  • Purchase and purchase monitoring
  • Archiving purchase transactions

From a technical point of view, e-Procurement solutions are parts of the information system of the organization or it is a web application that is operated by a third party.

Related terms and methods:

Related management field:

  • Procurement
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Last update: 27.08.2015

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