Definitions of Procurement : Dealing with the legal problems that arise from large contracts for the supply of goods or services, especially for businesses or government organisations.
Example Intel sells products to other businesses rather than consumers. Intel accepts > 95% of its orders online ($26 billion in 2003); also Intel purchases billions of dollars worth of raw materials on-line every year
An Introduction to E-Commerce Presented By:- Shishir Jain
E -commerce is a general term for any type of business, or commercial transaction that involves the transfer of information across the Internet. This covers a range of different types of businesses from consumer-based retail sites, like Amazon.com, through auction and music sites like eBay or MP3.com, to business exchanges trading goods or services between corporations.