E-Procurement

E-Procurement
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Description of E-Procurement. Explanation.

Definition E-Procurement. Description.

A E-Procurement stands for electronic procurement and is a broad

term for buying products or services using electronic means such as the
Internet, other computer networks, or wireless (mobile) transmissions.
It should not be mistaken for E-Commerce (which is selling products or
services using electronic media) and for E-Business, that involves both
E-Commerce and E-Procurement.

It refers not just to the purchasing process itself but also to electronic
negotiations and the conclusion of contracts with suppliers. Because
the purchasing process is supported and simplified by the electronic
handling of operative tasks, the more strategic tasks can be given a
more important role in the process.

E-Procurement is normally business to business (B2B).

variants of e-procurement

1. Web-enabled ERP (Electronic Resource Planning). Creating

and approving purchasing requisitions, placing purchase
orders and receiving goods and services by using an ERP
software system and Internet technology.
2. E-MRO (Maintenance, Repair and Operating). Similar to Web-
enabled ERP except that the goods and services ordered are
MRO supplies.
3. E-Sourcing. Identifying suppliers for a specific category of
purchasing requirements.
4. E-Tendering. Sending requests for information and prices to
suppliers and receiving their responses.
5. E-Reverse Auction. Buying goods and services from a
number of known or unknown suppliers.
6. E-Informing. Gathering and distributing purchasing
information from and to other parties.

Another word for it is E-Purchasing.

Compare with: E-Business | E-Commerce | Reverse Auction |

Porter Competitive Forces | Just-in-time | TDC Matrix | Twelve
Principles of the Network Economy

Return to Management Hub: Change & Organization | Communication & Skills | Strategy | Supply Chain & Quality

More Management Methods, Models and Theory | Return to Management Dictionary | Search at Amazon

End of description E-Procurement. An explanation.

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http://www.12manage.com/description_e-procurement.html05-09-2006 20:52:53