What is e-Procurement/e-Sourcing?
e-Procurement (i.e. Electronic Procurement), is a web-based, collaborative technology to facilitate the full lifecycle of a tendering process, for both buyers and suppliers, offering a secure interactive, dynamic environment for procurements of any nature, size, complexity or value (above and below OJEU thresholds), enforcing (where appropriate) and encouraging recognised best practices (i.e. gateway reviews, standardised templates, e-Auctions, etc.). e-Procurement includes collaborative technology in support of tendering and contract management activities by enabling geographically dispersed groups of internal stakeholders to share best practices.
