oboloo Glossary

Remote Procurement

oboloo Glossary

Remote Procurement

Remote procurement is a business process that enables companies to purchase goods and services from vendors located outside of their own geographical area. This type of procurement is becoming increasingly popular as companies look to reduce costs and increase efficiency. With remote procurement, companies can access a larger pool of vendors, as well as access better prices and more competitive terms. Additionally, remote procurement eliminates the need for physical visits to vendors, which can be costly and time-consuming. Remote procurement also allows companies to take advantage of new technologies such as e-procurement systems, which can streamline the procurement process and reduce costs. In short, remote procurement is an efficient and cost-effective way for companies to purchase goods and services from vendors located outside of their own geographical area.