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Tech glossary

Defining IT & technology terms

E-procurement

E-procurement is the sale and purchase of supplies, commodities, technology or services over the internet. These transactions can be business to business, business to consumer or business to government. E-procurement is supported through a procurement platform of product catalogs, user accounts and transaction capabilities hosted on a website or application.

Businesses often partner with an e-procurement platform provider to simplify resource purchases. Common e-procurement platform features, include:

  • Personalized user accounts
  • Order tracking
  • Saved carts
  • Product comparison
  • Invoicing

Learn more about e-procurement

Related terms

  • Cloud Management Platform
  • Maverick spending
  • Procurement platform
  • Software Asset Management (SAM)
  • Supply Chain Optimization

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