Everything You Need To know About E- Procurement
In a time when the world lives online, people have begun to utilize virtual communication in both their personal and professional lives. Communication isn’t limited to video conference calls or emails with family and friends though. In fact, communication between suppliers and customers is a topic more businesses are showing interest in. This online communication between suppliers and customers is known as e-procurement. E-procurement improves efficiency, accuracy, and overall customer satisfaction while saving both parties money along the way, but it’s a topic that still leaves many people scratching their heads. What is E-Procurement? Before we dig deeper into the benefits of e-procurement for businesses, let’s take a look at what exactly it is. E-procurement involves taking the traditional procurement process and digitally enhancing it for both the supplier and customer. That means that all parts of the procurement process, from order placement to checking invoices, are perfo...