Xin Ou
Research expert covering Greater China
Digital procurement - statistics & facts
In the world of e-commerce, nothing is more complex than procurement in big organizations acquiring goods and services. While companies can purchase and sell on different online channels – corporate websites, e-commerce platforms, marketplaces - procurement software enables them to streamline additional processes like suppliers auctioning and onboarding, contract management, and spend analytics. The efficiency of e-procurement platforms might explain the increase in worldwide sales, the value of which is currently estimated at more than 1.1 trillion U.S dollars.
