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Eprocurement, also known as electronic procurement, is a type of e-business that enables organizations to purchase goods and services over the internet. It is a process that automates the purchasing and payment of goods and services from suppliers. It is a cost-effective and efficient way for organizations to manage their procurement activities.
Eprocurement systems provide a range of features, such as online catalogs, automated purchase orders, and electronic invoicing. These systems also enable organizations to track their spending, manage their supplier relationships, and streamline their procurement processes.
Eprocurement solutions are used by organizations of all sizes, from small businesses to large enterprises. They are used in a variety of industries, including manufacturing, retail, healthcare, and government.
Some companies in the eprocurement market include Ariba, Coupa, Oracle, SAP, and Zycus. Show Less Read more