eProcurement is the term used to describe the use of electronic methods in every stage of the purchasing process from identification of requirement through to payment, and potentially to contract management. Electronic enablement of the purchasing process can be more specifically identified as:
eSourcing - for contractual processes. Tools include eTendering, eRFQs (Request for quotations and evaluations) and eAuctions.
eProcurement - for transactional processes. Tools include marketplaces such as Zanzibar using Techniques such as eCatalogue andpunch-out.
ePayment - Tools include virtual or embedded GPC (Government Procurement Card), eInvoicing and self-billing.
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Page last updated: 2008-10-20