The purchase of supplies, work and/or services by means of computer networks.
E-procurement is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning. E-procurement is done with a software application that includes features for supplier management and complex auctions. The new generation of e-Procurement is now on-demand or a software-as-a-service. The e-procurement value chain consists of indent management, eTendering, eAuctioning, vendor management, catalogue management, Purchase Order Integration, Order Status, Ship Notice, eInvoicing, ePayment, and contract management. Indent management is the workflow involved in the preparation of tenders. This part of the value chain is optional, with individual procuring departments defining their indenting process. In works procurement, administrative approval and technical sanction are obtained in electronic format. In goods procurement, indent generation activity is done online. The end result of the stage is taken as inputs for issuing the NIT.
The numerical value of e-procurement in Chaldean Numerology is: 2
The numerical value of e-procurement in Pythagorean Numerology is: 9
Sample Sentences & Example Usage
Mr. Toyoda is carefully aware of what we’re doing, he views our parts procurement reform as one experimental way.
Rather (than) focusing on fierce competition at home, it's more about companies trying to cooperate in order to reduce cost and increase flexibility on the procurement side.
Harvard University’s procurement decisions should not and will not be driven by individuals’ views of highly contested matters of political controversy, if this policy is not currently known or understood in some parts of the University, that will be rectified now.
Given the recent spate of AML-related (anti-monopoly law) cases against foreign firms, the regulations about the banking sector, and the reduction of foreign firms' products on government procurement lists, there is good reason for foreign firms to be highly concerned.
The true test will come with implementation, given the recent spate of AML-related (anti-monopoly law) cases against foreign firms, the regulations about the banking sector, and the reduction of foreign firms' products on government procurement lists, there is good reason for foreign firms to be highly concerned.
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"e-procurement." Definitions.net. STANDS4 LLC, 2017. Web. 21 Aug. 2017. <http://www.definitions.net/definition/e-procurement>.