EC Sourcing Group

OCTOBER 19, 2021

Tactical buying does not focus on long-term goals and does not have many strategies behind it. However, strategic sourcing would want to take a look at the overall picture, if using this supplier would be beneficial down the road, and other metrics as they would pertain to the company or category strategy.

Sourcing Strategies 52

Sourcing Strategies EC Sourcing Optimal Sourcing Supply Chain Software 52

EC Sourcing Group

FEBRUARY 16, 2021

As the pandemic surges on, your sourcing and contract management strategies may still be struggling. . KPIs include metrics such as: Compliance rate. There are other KPIs that can help with contracts and procurement; these are just a few of many metrics that can be measured. Spend under management. Spend under contract.

Optimal Sourcing 52

Optimal Sourcing Procurement Sourcing Strategies EC Sourcing 52

EC Sourcing Group

SEPTEMBER 6, 2022

A green supply chain reduces the harm that may occur at any stage of the procurement cycle—production, purchasing, logistics, material management, or distribution. It also contributes to reducing a company’s carbon footprint, which makes it more attractive to consumers. Risk reduction. In March 2022, the U.S.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

EC Sourcing Group

MARCH 12, 2023

If you want to streamline your supplier evaluation process, increase supply chain efficiency, and reduce costs, building an ideal supplier scorecard is crucial. Identify your data sources that can help identify supplier performance. Update the data frequently because interactions and transactions with the supplier change often.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

EC Sourcing Group

JULY 26, 2022

Here are some types to consider: CPO Cockpit: Chief procurement officers acquire goods and services and use workflow management systems to meet a company’s organizational goals while reducing costs and increasing profit. The major goals are to minimize total landed costs and pinpoint trends. Improve the planning process.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

EC Sourcing Group

MAY 14, 2020

Define KPIs and metrics and run reports. Using these types of tools can help: cut costs. If you’d like to hear more about the best business process management software by scheduling a demo , contact EC Sourcing Group today by calling 1-888-353-9737, option 1. Other Uses of BPM Software . ensure compliance.

Software 52

Software EC Sourcing Vendor Strategies Expense Reduction 52