The direct computer-to-computer exchange of business in standard format. Transaction documents, such as purchase orders, invoices, and shipping notices, are transmitted electronically and entered...
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A marketplace on the internet where transactions between business partners can be made. Electronic marketplaces can include the business-to-business, business-to-consumer, or business-to-...
See e-sourcing.
A product or service that has a lesser or reduced impact on human health and the environment when compared with competing products or services that serve the same purpose. Such products or...
Electronic procurement that occurs when the transactional activities of the purchasing process are conducted electronically, typically over the Internet, to shorten the cycle time and lower the...
Any number of solutions providing e-procurement activities. These solutions are also sometimes referred to as Source-to-Pay suites, or Procure-to-Pay suites, or "Req to Check" solutions...
Used to indicate that an item may be substituted for a required item if it is equal in quality, performance and other characteristics.
A legally binding entity. Equity Partnerships take different legal forms, from buying a supplier (an acquisition), to creating a subsidiary, to an equity-sharing joint venture or entering into a...
A company-side information system for managing an organization's operational, support, administrative, human resources and financial resources. Electronic sourcing or procurement solutions...
A contract provision which permits the adjustment of contract prices by an amount or percent if certain specified contingencies occur, such as changes in the vendor's raw material or labor...