Month: February 2022

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 …