What is the difference between Procurement and e-Procurement?

Procurement is the traditional process of sourcing and purchasing goods or services for a business. It often involves manual steps such as paperwork, phone calls, and in-person negotiations.

e-Procurement, on the other hand, is the digital version of this process, using online platforms and software to automate and streamline tasks like supplier selection, purchase approvals, order tracking, and payment. This not only reduces paperwork but also increases efficiency, accuracy, and transparency.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Related Post