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eProcurement

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ALSO CALLED: Electronic Purchasing, e-Procurement, ePurchasing, Online Purchasing, Electronic Procurement, 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 registered users to look for buyers or sellers of goods and services. Depending on the approach, buyers or sellers may  … 

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