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electronic procurement (eProcurement)

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.

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Englisch: electronic procurement - eProcurement
Updated at: 07.03.2012
#Words: 148
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Translations: DE