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e-Procurement is the term used to describe electronic methods of conducting business transactions. The 'e' in e-Procurement stands for electronic. E-Procurement 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. e-Procurement is not only beneficial for businesses; consumers can also find this method of purchasing advantageous. They have a wider choice of merchandise and can shop without leaving their home or office environment. With a little web research, they can easily find the lowest price and availability when purchasing goods.
Specific benefits for a business using e-Procurement include modernisation, which brings the workplace up to date with the latest marketing and selling methods. It can also help departments manage their supply chain more efficiently. e-Procurement also opens up a diverse range of markets, including tendering bids and reducing costs on government contracts.
e-Procurement does not just deal with sales and purchasing. With today's Internet capabilities, it has never been easier, or cheaper, for businesses to market and advertise their products. Instead of costly and time consuming mail shots, a single email can be sent to many customers at a fraction of the price. Even business conferences with staff based all over the world can take place electronically.
Insight has adopted many e-Commerce platforms to streamline and realise efficiencies. We can help you to achieve the same through our e-Procurement Solutions designed around you and your organisation's needs.