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| Business of Information Technology > Business Processes > Procurement > |
eProcurement
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ALSO CALLED: Electronic Purchasing, e-Procurement, ePurchasing, Online Purchasing, Electronic Procurement, and e-Sourcing
DEFINITION: E-procurement is the business-to-business purchase and sale of supplies and services over the Internet. An important part of many B2B sites, e-procurement is also sometimes referred to by other terms, such as supplier exchange. Typically, e-procurement Web sites allow qualified and
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E-Purchasing for Procure-to-Pay Value with SAP Solutions
| sponsored by Esker Inc.
WEBCAST:
In this webcast, learn about intelligent e-purchasing technology that integrates with SAP solutions to automate the entire process.
Posted: 04 Sep 2008 | Premieres: 16 Sep 2008, 12:00 EDT (16:00 GMT)
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EPROCUREMENT DEFINITION (continued): … registered users to look for buyers or sellers of goods and services. Depending on the approach, buyers or sellers may specify prices or invite bids. Transactions can be initiated and completed. Ongoing purchases may qualify customers for volume discounts or special offers. E-procurement software may make it possible to automate some buying and selling. Companies participating expect to be able to control parts inventories more effectively, reduce purchasing agent overhead, and improve manufacturing …
eProcurement definition sponsored by SearchCIO.com, powered by WhatIs.com an online computer dictionary
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