Abstract: A system and method for procurement of engineered-to-order products that facilitates the workflow management for buyers is disclosed. The present invention comprises a buyer's workbench (BWB) that operates in conjunction with a web-based marketplace application for suppliers and an enterprise resource planning system (ERP) that links together a company's operations. The BWB facilitates the workflow management for buyers by allowing them to review purchasing requirements and to obtain an optimal procurement strategy. Supplier performance data is tracked through the ERP system and is a factor in determining the total cost of buying products from a particular supplier. The web-based marketplace application for suppliers comprises an interface that allows suppliers to review and collect information about opportunities to fulfill orders for engineered-to-order products.