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Online Procurement Solutions

oboloo Glossary

Online Procurement Solutions

Online Procurement Solutions are digital tools that allow buyers and suppliers to manage their procurement processes online. They enable organizations to streamline sourcing activities, from advertising a new purchase opportunity to agreeing on terms and contracts. With these solutions in place, buyers can quickly identify the best supplier for their needs, at the best price, creating an efficient and cost-effective procurement process. Engaging and intuitive user interfaces are key features of any great online procurement platform, allowing buyers and suppliers to easily navigate across product, contract and order information.

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