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E-Procurement Cycle

Figure 2.6 illustrates the different steps associated with the overall procurement cycle, from the order placement to the accounts payable, in steps through a web based e-commerce network. It includes customers' inventory and supplier information and is readily accessible at any time and from everywhere. 

E-procurement allows two-way communication of real-time financial and purchasing information. Management at both the buying and selling end can see what is happening at any given moment and identify trends and problems. A shorter purchasing cycle enables companies to maintain lower inventory levels and respond more quickly to stock-outs.

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  1. Kani Mozhi5 August 2020 at 07:45

    I really liked this part of the article, with a nice and interesting topics have helped a lot of people who do not challenge things people should know
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  2. Bala Vignesh23 September 2020 at 05:16

    I think great site for these post and I am read the most of contents have useful for my Carrier.Thanks for these useful information.Any information are commands like to share him.
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