Procurement is the end-to-end process of acquiring goods and services for an organization: identifying needs, sourcing suppliers, negotiating contracts, issuing purchase orders, receiving deliveries, and processing invoices. Modern procurement is typically managed through procure-to-pay (P2P) platforms that include vendor portals as one component.
For customer portals serving B2B audiences, procurement workflows are central: B2B buyers expect to see contracted pricing, submit purchase orders, route through approval workflows, track deliveries, and reconcile invoices — all in the portal. See Vendor Portal Software for procurement portal platforms.