What is E procurement in Marketing? PDF Download

Learn E procurement definition in marketing with explanation to study “What is E procurement”. Study e procurement explanation with marketing terms to review marketing course for online MBA programs.

E procurement Definition

  • Purchasing through electronic connections between buyers and sellers - usually online.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



E procurement Explanation

E- Procurement is also known as electronic procurement, is a business to business process of purchasing, order booking, and record keeping of goods and services via internet. Companies get more profits while using e- procurement services with customers or clients. It also has several advantages in the form of cost reduction, effective communication and process.

Keep Learning Marketing Explanations

What is Marketing Network?

A promoting opportunity is a deals acknowledged lead that has been qualified as needing your item or administration. A business ...

What is Supplier Search?

Provider assumes a key job in the achievement of any business; distinguishing proof of a correct provider is a key ...

What is Breakeven Analysis?

Break even analysis is usually used by the top level management of the organization. It can be calculated with the ...

What is Target-Return Pricing?

An objective return is a valuing model that costs a business dependent on what a financial specialist would need to ...

What is Market Logistics?

Advertising co ordinations include arranging, conveying and controlling the progression of physical merchandise, promoting materials and data from the maker ...

What is Consumer-Buyer Behavior?

Consumer buying behavior depends on consumers attitudes towards product purchase. It is usually linked with consumer product loyalty; there are ...