eProcurement is the use of digital systems to manage purchasing and procurement activities. It may cover the electronic publication of tenders, supplier registration and selection, quotation and contract management, purchase orders, delivery records and electronic invoicing. In the private sector, eProcurement is used to organise purchases from external suppliers; in the public sector, it supports the administration of procurement procedures and communication with bidders. By moving procurement workflows into connected digital systems, organisations can standardise processes, maintain transaction records and exchange information with suppliers electronically.
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Source: Eurostat (source). This glossary entry was independently prepared on the basis of the cited source.