Web-based e-Procurement System

Abstract: With the advent of the Internet, systems for streamlining indirect goods and supply chains emerged which is now rapidly adopted by companies. In view of the paper-prone processes in many companies, the implementation of these electronic procurement systems led to substantial improvement potentials. In the existing system, there are a lot of downsides like the enforced policies, controls, restrictions, and the overall learning curve in an e- procurement platform. Due to insecure servers, all the tenders filed up were causing data leakage. In the existing e- procurement system, all the details of the companies, as well as the vendors, are not verified. There are no proper filter options to choose a suitable tender according to your needs and also, there was no option feature for Companies to negotiate the price with the vendors. Security has always been a concern in online transactions and the documentation has always been a tedious job, these issues are addressed in the project. Some suppliers may find online transactions uncomfortable since suppliers don‘t necessarily know whom they are dealing with. Knowing and verifying an organization over the Internet is difficult, and deception is easier to carry out online. The proposed project provides various functionalities such as convenient UI, provide one roof solution with advanced filters, categorization, smart profiling, advanced security features and e-documentation. The proposed project is committed to bringing efficiency and transparency in e- procurement domain. E-procurement technology is the future of supply chain management and will become a core component of organizations vendor management. As the early adapters imbibe this technology, transform their supply chain management, and share their experience, the benefits reaped will accelerate the adoption rate across industries.

Keywords: eProcurement, tender, company, vendor, Supply Chain Management.