A cloud-based solution called e-procurement software offers tools to make each step of the e-procurement process easier. Through a single interface, it enables digital sourcing, purchasing, spend management, risk mitigation, and other crucial aspects of vendor management.

e-procurement using an example.

Electronic procurement, or e-procurement, is the process of buying and selling goods and services online. John, for instance, might just look for suppliers online and order his milk that way. The e-procurement process makes use of the following technologies: e- informing vendor management.