e-procurement


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e-procurement

(Electronic-PROCUREMENT) Purchasing online. E-procurement systems are used to obtain materials and parts via the Web or using traditional EDI standards either for internal manufacturing (direct procurement) or office supplies and equipment (indirect procurement). See supply chain management.
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References in periodicals archive ?
The research whitepaper, "e-procurement in Maritime; 2021 and Beyond", showed that while maritime e-procurement is currently at an embryonic level in terms of its evolution - scoring "two out of 10" - over one third of those surveyed believe the market will change beyond all recognition in the next five years, driven by developments in advanced technology and applications.
Government wants to ensure transparency and accountability in the procurement process and that's why it has introduced e-procurement. Judges in the future will have to dispose of cases related to this so they have to have good idea about Public Procurement Act, rules and e-procurement," he added.
New Delhi [India], Nov 21 ( ANI ): bigbasket, an online supermarket, signed a three-year e-procurement deal with SourceEzy Technologies Pvt.
E-procurement helps lessen the effort of organizations since it allows easy access to more suppliers, which opens more possibilities and options.
At the median, organizations that have invested in e-procurement systems have a much shorter purchase order processing time--eight hours versus 24 hours for organizations that have not adopted e-procurement.
E-procurement can generate between 5-20% in savings, promote better competition in the single market and develop business opportunities.
Al Tayer highlighted that Dewa continuously maintains the high standards set by The Government of Dubai for e-procurement in accordance with DEWA's strategy.
Cincinnati, OH, February 19, 2011 --(PR.com)-- Vinimaya recently partnered with The Aberdeen Group to deliver Procurement benchmarking data and best-practice metrics from the analyst firm's recent report: "Effective e-Procurement: Assessing Options for the New 'Economic Normal.'" Constantine Limberakis, Senior Research Director at Aberdeen and one of the authors of the study, teamed up with David Elmo, VP of Product & Alliances at Vinimaya, to present the research findings during this month's installment of Vinimaya's Improving e-Procurement Webinar Series.
An important application of P2P solutions is e-procurement. The growing popularity of e-procurement and e-options has resulted in these applications being implemented in Government agencies, FMCG, manufacturing and retail chains in India.