Procurement
Definition
Procurement is the process by which a business buys the goods and services it needs to operate — from raw materials to office supplies. Digital procurement (e-procurement) runs through integrated systems instead of phone calls, email or paper order forms.
From request to delivery
Procurement covers more than just ordering: selecting suppliers, negotiating prices, approving orders, and tracking delivery.
E-procurement and PunchOut
With e-procurement, this process happens digitally. Large buyers often use their own procurement system that connects directly to their suppliers' catalogs through PunchOut or EDI.
Practical example
A manufacturing company orders parts through its own procurement system, which shows the supplier's current catalog and prices directly via PunchOut, without an employee having to visit the supplier's web shop separately.
Start with the basics.
Build from there.
Fonda Basic is free and immediately gives you a central place for all your product data and digital assets. You can take the step to a complete B2B webshop with customer-specific prices when you are ready.
Specifically built for B2B SMEs with 20–300 employees · Support based in Ghent