Definition : E-procurement

E-procurement, also known as electronic procurement, is the process of purchasing goods and services through online platforms and digital systems. It involves the use of technology to streamline and automate the procurement process, from sourcing and ordering to payment and delivery. This method allows businesses and organizations to efficiently manage their procurement activities, reduce costs, and increase transparency and accountability. E-procurement has revolutionized the traditional procurement process, making it faster, more convenient, and more accessible to a wider range of suppliers and buyers.

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