Definitions for e-procurement
This page provides all possible meanings and translations of the word e-procurement
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.
Sample Sentences & Example Usage
This is a very complex procurement.
This issue has become bigger than the procurement.
The devil, as always, will be in the funding and procurement details.
Mr. Toyoda is carefully aware of what we’re doing, he views our parts procurement reform as one experimental way.
It will be better to get these agreements in place within 6 months to give time for logistics, procurement of equipment and antennaes to be installed and marketing.
Translations for e-procurement
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"e-procurement." Definitions.net. STANDS4 LLC, 2016. Web. 8 Feb. 2016. <http://www.definitions.net/definition/e-procurement>.