November 16, 2019
E-procurement usually refers to an online B2B procurement platform or an internal company system that enables your company to purchase supplies using digital channels. An e-procurement platform may well work as a local or a global B2B marketplace where purchasers and suppliers meet to explore supply and demand bids and respectively procure and deliver goods and services.
A modern digital e-procurement platform aims at facilitating commercial transactions by offering professional tools for placing purchase orders, sending invoices, making payments and shipping goods and supplies.
A viable e-procurement platform features the same capabilities as an internal company system for procuring goods and services. Hence, an online B2B marketplace that you can use as a procurement platform for all your company needs should offer a set of specific features we will explore below.
These are just the mandatory features a B2B procurement platform should offer online. You can have many other additional features if you opt for a specific SaaS marketplace serving a specific industry vertical or a niche market.
E-procurement platforms offer some common advantages associated with enterprise software but they also provide unique advantages related to your company’s supply chain management. Let’s now look at the major advantages of using a digital B2B procurement platform.
At the end, a reliable B2B procurement platform gives you more control over the way your company spends money on supplies and speeds up all components of the procurement process.
Taking into account the advantages e-procurement is offering and the overall shift toward digitization of business processes and procedures, it is not a question of when your company should adopt a procurement platform but how to best implement the most suitable platform for e-procurement processes in your company.
You can discover more about the Uppler solution for E-procurement platform here.
Punch-Out, or Punchout refers to a digital system in which a supplier allows customers to browse his product catalogs online and then purchase goods or services within the client’s e-procurement system. Thus, punch out actually describes a B2B procurement platform in which you can purchase products from external suppliers within your own digital infrastructure.
August 5, 2020
The potential of development using an e-business platform is huge, not only in Europe and North America but China, India, the Middle East and any country with a propensity for completely integrated online business models. The number of both buyers and vendors is increasing dramatically and any business that wants to keep up with the times must distinguish which type of marketplace serves their needs best.
July 22, 2020
An increasing number of businesses are adopting e-procurement solutions to take advantage of the features a B2B procurement platform is offering. Online B2B marketplaces and e-procurement platforms, in particular, make it easier for organizations to find suppliers, negotiate deliverables, close contracts and analyze the outcomes of a deal.
February 20, 2020
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