Electronic Marketplace

A marketplace on the internet where transactions between business partners can be made. Electronic marketplaces can include the business-to-business, business-to-consumer, or business-to-government purchase and sale of goods or services through the Internet. Typically processes include e-Tendering, e-Auctioning, vendor management, catalogue management, Purchase Order Integration, Order Status, Ship Notice, e-Invoicing, e-Payment, and contract management. See also Electronic Procurement Solution; Supplier Exchange.