Ask, what is e-procurement? E-procurement also known as electronic procurement is basically the purchase and sale of goods and services through the internet. It is a tool designed to improve the purchasing process, transparency and efficiency of transactions between awarding authorities and suppliers. It is also called supplier exchange. It comprises of indent Management, e-informing, e-auctioning, e-payment, purchase order integration, catalogue management, vendor management, order status, and ship notice. The internet has transformed the way purchasing and supply management professionals think, how they behave and their status in the corporate hierarchy.

With the internet, a lot of unnecessary calls are avoided for purchasing people and they get what they want at the correct site. Let me ask that why is e-procurement better than the traditional procurement methods? Traditional procurement methods involve running requests primarily over the phone or via face to face meetings. The traditional method is inefficient because of the time requirements needed for manual data entry, lack of process transparency and data visibility whereas e-procurement makes the process vastly more efficient; buyers save time and management can easily access the data and visualize the outcomes.
So, which is one of the best e-procurement solution in Nigeria? One that comes to mind is Vatebra’s e-procurement portal. The solution cut across vast majority of structures. Vatebra’s e-procurement has allowed employees to manage their own purchases, this automation streamlines the procurement process and makes it more efficient, thereby making it faster and less costly. From the management viewpoint, Vatebra e-procurement system offer improved reflectiveness and control. The e-procurement platform helps companies manage liabilities nearer to real-time instead of having to wait to match up invoices against purchase orders and goods received.
This e-procurement portal helps you have a better view of the supply chain, suppliers, inventories, contracts, pricing, and it offers a better way of managing cash flow and capital expenditure, reducing stocks levels and improving purchasing choices. In Bid analysis, e-procurement help bidders register on the e-procurement portal and submit their bids which would give detailed account of their technical as well as commercial qualifications, the bids are evaluated and the vendors are scrutinized and invited for an e-auction. Vatebra e-procurement has proven to be one of the best among its competitor with the improved services it renders being listed above.