eProcurement is the term to describe the use of electronic methods in
every stage of the purchasing process from identification of requirement
through to payment, and potentially to contract management. Electronic
enablement of the purchasing process can be more specifically identified
as:
eSourcing
for contractual processes. Tools include eTendering, eRFQs (Request for
Quotations/evaluations) and eAuctions.
eProcurement
for transactional processes. Tools include marketplaces using
techniques such as eCatalogues and punch-out.
ePayment
Tools include virtual or embedded GPC (Government Procurement Card),
eInvoicing and self-billing.
The benefits of eProcurement include:
Modernisation
Efficiency improvements (the way people work)
Improved commercial relationships with suppliers
Reduce costs for suppliers dealing with government
Opens up the government marketplace
Improve departments' ability to manage their supply chain more
efficiently
Does that help? :D
Cheers,
Erika
[Todays Threads] [This Message] [Subscription] [Fast Unsubscribe] [User Settings]
