What is eProcurement?
eProcurement has changed purchasing in the public sector. Ten years ago, all bids were faxed, mailed, or emailed.
The process could be a time-consuming hassle, so Bids were typically only issued for big-ticket purchases. Within the last five years, eProcurement has made the bidding process easier, quicker, and more cost-efficient.
What impact does this have on procurement? By streamlining the process and making it easier to collect bids, the development of eProcurement has both increased distribution and lowered costs of the bids being released.
This means we are working in a new marketplace, where an organization can quickly recognize and resolve company needs on a less massive scale. Companies are issuing more and more “quick quotes”, which are smaller bids with shorter deadlines. This translates to more business opportunities for suppliers, vendors, and the organizations that are requesting these bids.
Less wasted time, less wasted money, and a generally more efficient process is good for everyone: the government, small businesses, large businesses, and the taxpayers.
eProcurement has taken the bidding process to the next level, and businesses everywhere are reaping the benefits. Get plugged into the new era of government contracts, and see how far your business can go.
For more information about eProcurement, or any other procurement or industry-related topic, visit BidPrime, or call us at 888.808.5356.