PETRONAS e-Procurement

1) PETRONAS e-Procurement

By definition, e-Procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or Business-to-government purchase and sale of supplies, work and services through the Internet as well as other information and networking systems, such as Electronic Data Interchange and Enterprise Resource Planning.

e-Procurement is done with a software application that includes features for supplier management and complex auctions. The new generation of E-Procurement is now on-demand or a software-as-a-service.

The e-Procurement value chain generally consists of Indent Management, e-Tendering, e-Auctioning, Vendor Management, Catalogue Management, and Contract Management.

Indent Management is the workflow involved in the preparation of tenders. This part of the value chain is optional, with individual procuring departments defining their indenting processes.

In works procurement, administrative approvals and technical sanctions are obtained in electronic format.

In goods procurement, indent generation activity is done online.

General elements of e-Procurement include Request For Information, Request For Proposal, Request for Quotation, RFx (the previous three together), and e-RFx (software for managing RFx projects).