E-procurement is no longer stuck in the digital minor leagues. E-procurement and punchout, or when a seller’s B2B e-commerce site is available from the buyer’s e-procurement platform, is hitting the digital commerce major leagues. E-procurement represents an annual e-commerce market of nearly $1 trillion, according to a projection from Digital Commerce 360, and is becoming even more of a priority for organizations of all sizes, according to new research from Amazon Business. .

Amazon Business, whose Digital Commerce 360 ​​projects drive one in three transactions on B2B marketplaces, surveyed 440 business buyers in April for its 2022 State of Business Sourcing report.

Today, 91% of professional buyers prefer to shop online, and 47% of purchasing managers also expect to manage a larger procurement budget this year, the report says.

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