Definition E-Procurement. Description.
A E-Procurement stands for electronic procurement and
is a broad term for buying products or services using electronic means such
as the Internet, other computer networks, or wireless (mobile) transmissions.
It should not be mistaken for E-Commerce
(which is selling products or services using electronic media) and for
E-Business, that involves both E-Commerce
It refers not just to the purchasing process itself but also
to electronic negotiations and the conclusion of contracts with suppliers.
Because the purchasing process is supported and simplified by the electronic
handling of operative tasks, the more strategic tasks can be given a more
important role in the process.
E-Procurement is normally business to business (B2B).
variants of e-procurement
Web-enabled ERP (Electronic Resource Planning). Creating
and approving purchasing requisitions, placing purchase orders and receiving
goods and services by using an ERP software system and Internet technology.
E-MRO (Maintenance, Repair and Operating). Similar
to Web-enabled ERP except that the goods and services ordered are MRO supplies.
E-Sourcing. Identifying suppliers for a specific
category of purchasing requirements.
E-Tendering. Sending requests for information and
prices to suppliers and receiving their responses.
E-Reverse Auction. Buying goods and services from
a number of known or unknown suppliers.
E-Informing. Gathering and distributing purchasing
information from and to other parties.
Another word for it is E-Purchasing.
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