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Business of Information Technology >
Business Processes >
Procurement >
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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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