E-procurement and Procurement

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between E-procurement and Procurement

E-procurement vs. Procurement

E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning. Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process.

Similarities between E-procurement and Procurement

E-procurement and Procurement have 8 things in common (in Unionpedia): Outsourcing, Request for information, Request for proposal, Request for quotation, Request for tender, Reverse auction, Strategic sourcing, Tender notification.

Outsourcing

In business, outsourcing is an agreement in which one company contracts its own internal activity to a different company.

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Request for information

A request for information (RFI) is a standard business process whose purpose is to collect written information about the capabilities of various suppliers.

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Request for proposal

A request for proposal (RFP) is a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals.

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Request for quotation

A request for quotation (RfQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services.

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Request for tender

A request for tenders (RFT) is a formal, structured invitation to suppliers to submit a bid to supply products or services.

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Reverse auction

A reverse auction is a type of auction in which the roles of buyer and seller are reversed.

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Strategic sourcing

Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company.

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Tender notification

A tender notification is an online service, which in more recent times is provided through the delivery model software as a service.

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The list above answers the following questions

What E-procurement and Procurement have in common
What are the similarities between E-procurement and Procurement

E-procurement and Procurement Comparison

E-procurement has 46 relations, while Procurement has 55. As they have in common 8, the Jaccard index is 7.92% = 8 / (46 + 55).

References

This article shows the relationship between E-procurement and Procurement. To access each article from which the information was extracted, please visit:

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