e procurement software solution

What is e-Procurement? Components of e-Procurement

What is e-Procurement? Components of e-Procurement
What is e-Procurement? E-Procurement or electronic procurement is the process of purchasing goods or services online. e-Procurement software solutions help to automate the entire manual procurement process right from requisition of goods to issue of the purchase order. Organizations, mainly those in manufacturing or related sectors, typically spend 60% to 70% of their total expenditure on the procurement of material and services. These materials and services have a large impact on their final product quality, product cost, product delivery, and customer satisfaction. Hence, procurement has b...
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