E-procurement is the use of information technology to automate significant portions of the procurement process.

Question

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E-procurement involves using technology to streamline various aspects of the procurement process, such as requisitioning, sourcing, contracting, purchasing, and payment. This can include online catalogs, electronic bidding systems, electronic purchase orders, automated invoice matching, and other digital tools. By leveraging e-procurement, organizations can reduce costs, improve efficiency, and gain greater visibility and control over their purchasing activities.

E-Procurement Is the Use of Information Technology to Automate Significant