e-Procurement is the utilization of Internet-based data/correspondence/organizing frameworks to complete one, a few or all phases of the procurement procedure. In a perfect world, it ought to be a conclusion to-end arrangement that coordinates and covers all procurement stages, however such frameworks may give separate arrangements, for example, e-Tendering, e-Marketplace, e-Auction/Reverse Auction, and e-Catalog/Purchasing.
Lotus procure Express is the head business open source eprocurement. Intended for divisions or a whole organization, Lotus procure Express is a basic, speedy, and free arrangement that computerizes the demand, endorsement, buy request, and receipt administration process. The most up to date discharge offers extra elements to streamline the e-procurement process, in addition to its presently much less demanding to utilize, speedier to send, and more adaptable.
e procurement open source will probably give the devices to outline and manufacture a procurement procedure that is straightforward and competitive. The e-Procurement assembles available procedures that influence sales to drive investment funds and are supported by solid information gathering and reporting. It is designed to be robotized and versatile. Availability, straightforwardness of offering procedure, electronic records, point by point reporting – these are just a couple advantages of utilizing this e-Procurement software.