Cloud Computing in Procurement

Cloud computing in procurement refers to using online platforms and services to manage purchasing processes efficiently. Instead of relying on traditional, paper-based methods or physical infrastructure, organizations access procurement tools via the internet, enabling real-time data sharing, supplier collaboration, and automated workflows. This approach enhances transparency, reduces costs, and speeds up decision-making while allowing flexibility and scalability. Essentially, it leverages internet-based technology to streamline procurement activities, improve accuracy, and support better strategic sourcing, all accessible from anywhere with an internet connection.