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What is an online marketplace?

April 26, 2017Marketplace online

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What is an online marketplace?

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An online marketplace, often referred to as a procurement portal, connects buyers and suppliers on the Internet. The backbone of an online marketplace is its transaction platform, an advanced software application that lets users search an online E-catalog, participate in an online auction, complete transactions, and automate manual tasks. This application often links to existing systems (such as an ERP system) in your enterprise, to further automate activities between you and your buyers or suppliers.

0

Posted

An online marketplace, often referred to as a procurement portal, connects buyers and suppliers on the internet. The backbone of an online marketplace is its transaction platform, an advanced software application that lets users search online catalogues, participate in online auctions, complete transactions, and automate manual tasks. This application often links to existing systems (such as an ERP system) in your enterprise, to further automate activities between you and your buyers or suppliers.