E-procurement is the electronic procurement of goods and services through the use of information technology, in particular Internet-based technologies.
E-procurement has been practiced for years using Electronic Data Interchange (EDI) with fixed standards and industry specific approaches. It can refer to a relationship between one or more suppliers and one or more demanders, for example, as a purchasing platform from one supplier to several demanders or as an electronic marketplace (EM), business to business
(B2B), where many suppliers meet many demanders. E-procurement can be usefully applied when products are standardized and do not require explanation. The goals of e-procurement are to accelerate ordering processes, improve procurement quality and reduce procurement costs.