e-Procurement
eProcurement is the term used to describe electronic methods of conducting business transactions. The 'e' in eProcurement stands for electronic. eProcurement can be used in every stage of the process. It can begin with the actual sale coming through to the purchaser and end with the customer's invoice and payment. Lambeth uses eProcurement for contracts in order to boost efficiency; it involves the use of electronic methods in every stage of the purchasing process and includes:
- advertising contracts
- managing contracts
- evaluating tenders
- paying suppliers
- reverse auctions - where the lowest bidder wins
- dynamic purchasing systems - an open electronic catalogue where prices can be updated without introducing a new tender.
eProcurement can benefit suppliers in a number of ways. It can:
- reduce paperwork
- improve efficiency
- help you process orders more quickly
- speed up payment.
An example is the increasing use of reverse e-auctions, a procurement technique that utilises secured internet-based technology. Bidders compete against each other in real time, on the basis of either cost alone or on the most economically advantageous tender.
eTendering at Lambeth
Suppliers who have been invited to tender online can use our online eTendering Tool. Suppliers will need to register on the site first and will need to have their business information ready to do this.
The Online Lambeth Business Questionnaire
Suppliers can now complete a Lambeth Business Questionnaire online.
Do You Need Help?
Please email the EU Supply helpdesk on support@eu-supply.com. However, if your technical enquiry is urgent, you can call EU Supply on 0800 840 2050 during office hours, 8am to 5pm.