Electronic Tendering
Promena's web-based eTender, intuitive user experience, embedded analytics, and collaboration simplify e-sourcing procurement activities, accelerates source-to-purchase process, increase operations and cost savings, and enforce compliant spending.
According to ‘Information Technology in Construction Best Practice’ (ITCBP), online trading (eCommerce) is forecast to grow rapidly, with the undertaking of business electronically leading to significant improvements in cost, time and quality of business products and services. Rapid developments in ICT, its uptake, and increase in computer-literate customers' expectations, reinforces the need for companies to reconsider their strategy with respect to e-Commerce and e-Business.
e-Commerce can be defined as any value adding business exchange conducted electronically within or between businesses, or between businesses and consumers. It covers all forms of electronic trading including electronic data interchange, electronic banking, electronic mail (email) and other online service and communication tools.
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