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World Class Procurement Definitions A forum for defining key terms / definitions as it applies to World Class Procurement and Supply Chain Management

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Old 08-18-2006, 06:47 PM
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Default e-Procurement

E-procurement (Electronic Procurement) is the business-to-business purchase and sale of supplies and services through the Internet as well as other information and networking systems, such as electronic data interchange (EDI) and Enterprise Resource Planning (ERP). An important part of many B2B sites, e-procurement is also sometimes referred to by other terms, such as supplier exchange. Typically, e-procurement Web sites allow qualified and registered users to look for buyers or sellers of goods and services. Depending on the approach, buyers or sellers may specify prices or invite bids. Transactions can be initiated and completed. Ongoing purchases may qualify customers for volume discounts or special offers. E-procurement software may make it possible to automate some buying and selling. Companies participating expect to be able to control parts inventories more effectively, reduce purchasing agent overhead, and improve manufacturing cycles. E-procurement is expected to be integrated with the trend toward computerized supply chain management.

There are six main types of e-procurement:

* Web-based ERP (Electronic Resource Planning): Creating and approving purchasing requisitions, placing purchase orders and receiving goods and services by using a software system based on Internet technology.
* e-MRO (Maintenance, Repair and Operating): The same as web-based ERP except that the goods and services ordered are non-product related MRO supplies.
* e-sourcing: Identifying new suppliers for a specific category of purchasing requirements using Internet technology.
* e-tendering: Sending requests for information and prices to suppliers and receiving the responses of suppliers using Internet technology.
* e-reverse auctioning: Using Internet technology to buy goods and services from a number of known or unknown suppliers.
* e-informing: Gathering and distributing purchasing information both from and to internal and external parties using Internet technology.

Vocabulary for e-procurement:

* RFI: request for Information.
* RFP: request for Proposal
* RFQ: request for Quotation
* RFx: the above three together.
* eRFx: software for managing RFx projects.

http://en.wikipedia.org/wiki/E-procurement
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Last edited by bernievn : 08-18-2006 at 11:28 PM.
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  #2  
Old 10-13-2006, 08:37 AM
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Exclamation Re: e-Procurement

Hi there

Bernie I don't really know if I'm allowed this but if not please feel free to delete my post.
I just feel very strongly about eProcurement and SCM as it is my day to day job. I also really feel that our company really provides very comprehensive software solutions and service in this field.
So to all Supply Chain Manangers who are looking for a full on, world class supply chain management solution.
Go to Intenda(PTY)Ltd's site.
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Old 11-23-2006, 08:18 AM
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Smile Re: e-Procurement

Hi there,

I just want to know interms of capacity development,how good can the e-procurement work and who benefits.Our Company is using too much suppliers and some are once-off payments.Could you assist me with information in cutting down our supplier or can this mentioned software do that work of stream-lining the suppliers.

Thanks
Mesuli(Procurement officer)
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