Day: February 25, 2022

E-procurement advantages E-procurement advantages are becoming more evident as the wider understanding of its many uses becomes apparent. The main reason companies have embraced e-procurement is to increase productivity, provide visibility into day-to-day transactions and make it easier for users Read More …

The term eProcurement refers to the use of electronic means in conducting a public procurement procedure for the purchase of goods, works or services. In order to have a common view within the eProcurement Forum, for the scope of this Read More …

An online procurement process that reduces steps and saves money. The process is executed on a real time basis involving global suppliers. eProcurement is the counterpart of eSourcing because it starts when e-sourcing ends and ends where eSourcing begins. STEPS Read More …

Purchasing has traditionally involved three main phases each requiring specific documents & considerable transactional activity. Identification Phase Notification of the need to buy by; A requisition issued by stores, stock control or potential user A bill of materials issued by Read More …

Traditional procurement and electronic procurement both have advantages and disadvantages. Manual procurement is generally done face-to-face, or via telephone, while e-procurement is generally done online. But that simple answer hides many factors. Manual procurement is really a collection of processes Read More …

The strategic benefits of e-Procurement have been verified by many leading companies worldwide, and eProcurement is a significant tactic in most companies‟ e-Business strategies. The consensus is that e-Procurement benefits organizations with respect to the procurement cost and process efficiency Read More …

The term Public eProcurement (“electronic procurement” in the public sector) refer to the use of electronic means in conducting a public procurement procedure for the purchase of goods, works or services. To successfully conduct electronic procurement across borders, eProcurement systems Read More …

Reduced Transaction Time: individual business activities (transactions) can be completed much more quickly; they are not restricted by office hours and may not even need human intervention, thus increasing the capacity to complete transactions on a real-time basis. This means Read More …

The origins of e-procurement begin in the 1980s, with the development of electronic data interchange (EDI). This development, while ancient by today‟s standards, was groundbreaking for the time. EDI allowed customers and suppliers to send and receive orders (and invoices Read More …

E-procurement According to CIPS, e-procurement is: “The combined use of electronic information and communications technology (ICT) in order to enhance the links between customer and supplier, and with other value chain partners, and thereby to improve external and internal processes. Read More …