The term procurement or eProcurement (electronic procurement) covers all activities in a company that serve to supply materials, services and operating and work equipment. Procurement includes purchasing, materials planning and goods receipt. Procurement covers among other things the inventory control, the determination of requirements and order quantity planning. It thus also touches on areas of capacity planning. eProcurement includes supplier selection, ordering and order monitoring, and procurement logistics. eProcurement reduces effort and costs per order. The ordering process is automated. Uniform supplier catalogs with predefined conditions can be stored. eProcurement systems automatically archive all important data on the order processes. eProcurement solutions can be integrated into an existing ERP system via interfaces.
Compare in this current market overview the topic of Procurement. The listed procurement software supports you usually with different procurement types such as purchase orders, purchase requisitions, material reservations and goods movements. Depending upon disposition procedure the software for procurement can send requirement messages to the material camp and/or the camp logistics, pass on to a requirement cost center or deliver to a production unit.