What is eProcurement ?

1 ANSWERS

1. Guest9734
   

   Eprocurement is the term used to describe electronic methods of conducting business transactions. The 'e' in eprocurement stands for electronic. Eprocurement can be used in every stage of the process. It can begin with the actual sale coming through to the purchaser and end with the customer's invoice and payment.
   With the advent of the Internet, many businesses now sell only via computer technology. It is an excellent way for businesses to cut overhead costs and reach a larger customer base. Eprocurement is not only beneficial for businesses; customers can also find this method of purchasing advantageous. They have a wider choice of merchandise and can shop without leaving their home. With a little web research, they can easily find the lowest price when purchasing goods.

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