e-Procurement

Electronic procurement, or e-procurement, is the business to business (B2B) process of requisitioning, ordering, and purchasing goods and services over the internet. At the enterprise level, a chief procurement officer (CPO) or official procurement department will set the policies for procuring goods and services for the business, with the goal of acquiring what the business needs at the best possible price or with the greatest value at the time it’s needed.

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