E-Procurement Workflow

E-Procurement workflow is a digital process that streamlines purchasing goods or services for an organization. It typically involves steps like identifying needs, requesting quotes from suppliers, comparing options, obtaining approval, placing orders electronically, and receiving the products. This electronic system improves efficiency, reduces paperwork, increases transparency, and ensures better tracking of purchases. It connects buyers and suppliers through a centralized platform, making procurement faster, more accurate, and easier to manage while maintaining control over spending and compliance with company policies.