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What is e-Procurement?

eProcurement or electronic procurement denotes the process of acquiring and selling of goods or/and services using an automated process or through electronic methods. This acts as a superior alternative to the manualized process of procurement and makes it more efficient and effective. In today’s dynamic and highly competitive environment, organizations are increasingly adopting eProcurment platforms witpah the intention to control loopholes and excessive costs. eProcurement comprises e-tendering, contract management, vendor management, indent management and a lot more.

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