E-procurement
E-procurement is the sale and purchase of supplies, commodities, technology or services over the internet. These transactions can be business to business, business to consumer or business to government. E-procurement is supported through a procurement platform of product catalogs, user accounts and transaction capabilities hosted on a website or application.
Businesses often partner with an e-procurement platform provider to simplify resource purchases. Common e-procurement platform features, include:
- Personalized user accounts
- Order tracking
- Saved carts
- Product comparison
- Invoicing
