E-Procurement

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What Does E-Procurement Mean?

E-procurement typically describes business-to-business purchases that are done online or over some digital network or platform. This is a rather broad description of many transactions that happen based on modern technologies and business and vendor partnerships.

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Techopedia Explains E-Procurement

The term e-procurement is often associated with other terms like supplier exchange and supply-chain management. E-procurement systems may involve a component of competition and price analysis. One way to understand conventional e-procurement is that it is different from consumer e-commerce, where the dominant model involves shopping carts and user-friendly Web-delivered interfaces. With e-procurement, the interface is more often set up in a way that facilitates commercial transactions, with specialized invoicing, purchase orders, shipping and payment tools. E-procurement systems also differ depending on whether or not they’re used in the public sector or in government.

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Margaret Rouse
Senior Editor
Margaret Rouse
Senior Editor

Margaret is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages.