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E Purchasing

oboloo Glossary

E Purchasing

The official business definition of e Purchasing is the practice of buying goods and services electronically, usually over the internet. This form of purchasing is becoming increasingly popular, as it is more cost effective and allows for faster transactions. E Purchasing offers businesses the ability to purchase products from anywhere in the world with just a few clicks. It also allows for better inventory management, tracking, and streamlined payment processes. Additionally, e Purchasing allows businesses to reduce paperwork, streamline order processing times, and maximize the efficiency of their procurement processes. It also allows buyers to compare prices and features of different products easily and quickly, ensuring they make the best purchasing decision. E Purchasing also helps to improve customer service, as the supplier can respond quickly to customer inquiries, and even offer customised solutions to fit their unique needs. Overall, e Purchasing is a beneficial process that helps businesses save money and time.

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