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What is Procurement eMarketplace? Why and how it is implemented?

A Procurement eMarketplace is a system that enables purchasing organizations and their suppliers to productively keep up a rundown of contracted merchandise and enterprises and empowers the end clients to rapidly arrange the merchandise and ventures they require.

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What is Group Purchasing Organization? Why is it important?

A group purchasing organization additionally called a community, consortium, purchasing group, collective, alliance, or leveraged acquirement group – exists to use the consolidated purchasing power of its members to get greatest discounts from suppliers, for every one of its members.