<Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> 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 . </P> <P> The e-procurement value chain consists of indent management, e-Informing, e-Tendering, e-Auctioning, vendor management, catalogue management, Purchase Order Integration, Order Status, Ship Notice, e-invoicing, e-payment, 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 process . In works procurement, administrative approval and technical sanction are obtained in electronic format . In goods procurement, indent generation activity is done online . The end result of the stage is taken as inputs for issuing the NIT . </P> <P> Elements of e-procurement include request for information, request for proposal, request for quotation, RFx (the previous three together), and eRFx (software for managing RFx projects). </P>

What are the two basic goals of e-procurement