E-Procurement (automated supplying system) is more than just a tool for online purchases. It is an organized system that connects organizations, companies and corporations around the world with their suppliers, directly through the Internet. E-Procurement system covers the entire process for online tendering, from its publication, the submission of tenders, information on previous values and many other procedures relating to procurement. Even more, every time there is a tender, an organized mechanism of E-Procurement undertakes informing, via e-mail, all potential recipients-suppliers.

Benefits for Companies & Public Organizations

A properly organized and automated procurement system (E-procurement) provides multiple benefits for public organizations and businesses. At first, E-Procurement ensures an absolute clarity of the process as for every tender published online all suppliers are automatically being informed and in turn, submit their offers in full detail. Hence, the organization that uses E-Procurement gains the ability to select the most competitive offer in terms of price and quality. By doing so, all organized lists of suppliers are automatically being updated, ensuring complete process standardization, while, at the same time, costs of record keeping are significantly reduced. Furthermore, Digimark’s E-Procurement system has the ability to interface with in-house ERP’s, allowing business and organizations to draw useful and detailed reports in order evaluate both the suppliers and the employees.

Benefits for Suppliers

In a rapidly changing environment, more and more organizations and enterprises of public and private sector are currently in full transition of their processes in E-business, with E-Procurement the backbone of this transition. Many suppliers have already moved forward, implementing E-Procurement systems, giving them a strong advantage over their competitors. As E-Procurement functions for both purchases and sales, an organization that has already implemented it, is able to give fast and competitive deals. Hence, time spent, the most valuable resource for organizations, for creating and communicating an offer, is significantly decreased, while competitors are still trying to acquire prices, availability, as well as the appropriate contact for communicating their offers.