E-procurement shaves transaction costs and results in more efficient purchasing for both buyers and suppliers,and it also reduces the time between order and delivery.

Question

Quizplus · Accepted Answer

E-procurement is known for its ability to reduce transaction costs, streamline the purchasing process for both buyers and suppliers, and decrease the time between ordering and delivery. This is why it is becoming increasingly popular in many industries.

E-Procurement Shaves Transaction Costs and Results in More Efficient Purchasing