E-Procurement platforms typically follow a standard workflow:
1. Requisition: Employees request the purchase of goods or services through an online form. 2. Approval: The request is routed to the appropriate manager for approval. 3. Sourcing: The platform identifies suitable suppliers and sends out requests for quotes. 4. Selection and Negotiation: Suppliers submit their bids, which are then evaluated. Negotiations may occur to finalize terms. 5. Purchase Order: Once a supplier is selected, a purchase order is generated and sent electronically. 6. Receipt and Payment: Goods are received, checked against the purchase order, and payment is processed through the platform.