oboloo Glossary

Electronic Procurement

oboloo Glossary

Electronic Procurement

Electronic procurement, also known as eProcurement, is the term used for conducting business transactions electronically. This can include anything from requesting and submitting quotes and bids online, to signing contracts and invoicing electronically. The main benefit of eProcurement is that it can help streamline the procurement process and make it more efficient. In addition, eProcurement can help improve communication between buyers and suppliers, and create a paperless environment.

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