E-procurement also known as electronic procurement, and supplier exchange is the sales of goods or services between a business and another business or consumer in an exchange through the Internet as well as other information and networking systems, such as Electronic Data Interchange (EDI) and Enterprise Resource Planning (ERP).
Typically, e-procurement Web sites allow registered and approved users to look for buyers or sellers of goods and services, and depending on the approach, these buyers and sellers may specify costs or invite bids (also known as RFQ’s Requests for quotations). To see where Bellwether Software can help with Request for quotations, please click here.Transactions can be initiated and completed.
Ongoing purchases may qualify customers for volume discounts or special offers. E-procurement software, such as Bellwether’s ePMX, can make it possible to automate some buying and selling. Companies participating expect to be able to control their parts inventories more effectively, reduce purchasing agent overhead, and improve manufacturing cycles. To visit Bellwether’s Inventory and warehouse sections, please click the appropriate links.
E-procurement is expected to be integrated into the wider Purchase-to-pay value chain with the trend toward automated supply chain management. E-procurement is done with a software application that includes features for supplier management and auctions. The new generation of E-Procurement is now on-demand or a software-as-a-service. To learn about Software as a Service, click here.
Bellwether E-Procurement
Bellwether offers a scalable purchase-to-pay web-based solution designed to meet the needs of organizations of all sizes. Within the e-procurement system you can establish approval hierarchies, relegate requisitioning of specific catalogs to individual requisitioners and buyers by department, job, project, or other definable methods. Place orders with Bellwether's punchouts, utilizing EDI or XML catalog ordering, execute requests for proposals while having your vendors submit their proposals within Bellwether’s system or through another preferred method. The e-procurement system provides the tools to automate your manual processes, streamline your purchasing, and increase your visibility to new levels.