E-Procurement
Also known as: Electronic procurement, Digital procurement
E-procurement is the use of software and online platforms to manage buying — from catalogue ordering and approvals to invoicing and spend analytics.
E-procurement digitises the purchasing process that used to run on paper, email and phone. Typical capabilities include electronic catalogues, requisitioning, approval workflows, purchase order transmission, electronic invoicing and spend reporting. The aim is faster, more controlled and more transparent buying.
By moving spend onto a single system, e-procurement gives finance real visibility, enforces negotiated pricing and reduces maverick spend. In Malaysia, enterprises and government-linked companies increasingly adopt e-procurement to control indirect and long-tail spend and to create audit-ready records.
Frequently asked questions
- What is e-procurement?
- E-procurement is the use of software and online platforms to manage the buying process — catalogue ordering, approvals, purchase orders, e-invoicing and spend analytics — replacing manual, paper-based purchasing.
- What are the benefits of e-procurement?
- Faster ordering, enforced on-contract pricing, better spend visibility, reduced maverick spend, and an audit trail for compliance.
Related terms
Catalogue (Catalog)
A procurement catalogue is a curated, priced list of goods and services from approved suppliers that buyers can order from directly.
Read definitionApproval Workflow
An approval workflow is the defined sequence of authorisations a purchase must pass through before it can proceed, based on rules such as value or category.
Read definitionB2B Marketplace
A B2B marketplace is an online platform where businesses buy goods and services from many suppliers through a single account, catalogue and checkout.
Read definitionE-sourcing
E-sourcing is the use of online tools to run sourcing activities such as RFIs, RFQs, RFPs and auctions electronically.
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