Contemporary E-Procurement Practices

This book is a comprehensive book that explores the implementation and impact of e-procurement systems in Nigeria's public and private sectors. It aims to provide a detailed understanding of how electronic procurement technologies are transforming the procurement landscape in Nigeria, with a focus on improving efficiency, transparency, and accountability. The book begins by examining the current state of procurement in Nigeria, highlighting the challenges faced by organizations in traditional procurement practices, such as manual paperwork, lengthy approval processes, limited supplier visibility, and the risk of corruption and fraud. It emphasizes the need for a modernized procurement approach to address these challenges and unlock the potential for economic growth and development. The subsequent chapters delve into the fundamental concepts and components of e-procurement, including requisitioning, sourcing, supplier management, purchase orders, invoicing, and payment. The author discusses various e-procurement platforms, software solutions, and technological infrastructure required for successful implementation in the Nigerian context.