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Information @ a Glance

  • E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer purchase and sale of supplies and services through the Internet as well as other information and networking  systems, such as Electronic Data Interchange and Enterprise Resource Planning.

  • There are six main types of e-procurement: Web-based ERP (Electronic Resource Planning), Web-based ERP (Electronic Resource Planning), e-sourcing, e-tendering, e-reverse auctioning, e-informing.

  • eTendering, is described as the electronic publishing, communicating, accessing, receiving and submitting of all tender-related  information and documentation via the internet, thereby replacing the traditional paper-based tender processes, and achieving a more  efficient and effective business process for all parties involved.

  • An electronic tendering solution facilitates the complete tendering process from the advertising of the requirement through to the placing of the contract.

  • E-tendering offers an opportunity for automating most of the tendering process: from help with preparing the tender specification; advertising; tender aggregation; to the evaluation and placing of the contract.

  • E-tendering solutions are usually offered as web solutions, which are either hosted on the buyer’s own servers (internet or intranet) or by third party service providers.

  • The effort and cost involved in implementing an e-tendering solution is relatively low, especially in comparison to some complex e-ordering systems, mainly due to the low-tech nature of many systems and limited necessity for change management and training of either buyer or supplier.

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