EC Sourcing Group

APRIL 26, 2022

The eTendering process is an integral part of procurement and the overall supply chain. eTendering, also known as eSourcing , is simply the act of conducting procurement online—namely, receiving and sending tenders using an online platform, like tender process software. Tangible benefits include: Reduced cost of purchases.

Optimal Sourcing 52

Optimal Sourcing Material Savings Cost Reduction Strategies Procurement Solutions 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

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

EC Sourcing Group

JULY 5, 2022

The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. is vital to procurement and the supply chain. They can help automate your process and streamline procurement and eSourcing. Some include: Licensed software.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

EC Sourcing Group

OCTOBER 26, 2021

However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency. Cost reduction. Automation of the supply chain has resulted in resources (i.e.,

Supply Chain Software 40

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 40

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

JANUARY 19, 2023

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.

Analysis 52

Analysis Procurement Solutions Analytics Software Logistics Network Optimization Software 52

EC Sourcing Group

SEPTEMBER 27, 2022

Not long ago, sourcing was still an “analog” process, with a lot of back-and-forth communication via phone calls, emails, and meetings in person. Technology has finally caught up with sourcing and procurement—evolving processes by leaps and bounds in a relatively short amount of time. eSourcing Platforms : The Must-have Tools.

Analytics Software 52

Analytics Software Procurement Solutions Supply Chain Software Procurement Analytics 52

EC Sourcing Group

JULY 12, 2022

Not all procurement and eSourcing software are created the same—perhaps your current solution lives up to expectations in some areas but the eSourcing module isn’t quite what you need. This is a fairly common problem, as businesses have different priorities and nuanced procurement needs. Do you know which is right for your company?

Procurement Solutions 52

Procurement Solutions Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

EC Sourcing Group

MAY 24, 2022

Even those who don’t work in procurement or purchasing are familiar with auctions, whether they’ve used bidding sites, gone to a live auction, or seen one played out on TV. eReverse auctions can be very beneficial to procurement. eReverse auctions can be very beneficial to procurement. Analytics features.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Purchasing Skills Supply Chain Planning Software 52

EC Sourcing Group

SEPTEMBER 15, 2020

Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Today, the procurement management process doesn’t look like that at all, and you have easy procurement software and procurement tracking software to help you along the way. .

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Vendor Strategies 52

EC Sourcing Group

JUNE 15, 2021

What is the Procurement Spend Analysis Process ? Spend analysis is one of the most important pieces of procurement management. Spend analysis will give you an honest insight into spend, how you can make significant changes, how you can decrease costs, and improve relationships with your suppliers. Who are we purchasing it from?

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Analysis 52

EC Sourcing Group

MAY 31, 2023

Managing spending is a top priority for executive teams across industries, and purchase price variance (PPV) holds immense significance in controlling costs. PPV measures the variation between the actual purchased price and the standard baseline price of goods and services.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Solutions 52

EC Sourcing Group

JANUARY 12, 2023

Procurement success is defined by the outcomes. Spend Visibility is the foundation of any mature procurement function because it identifies inefficiencies and areas of opportunity that lead to better decision-making and ultimately, better outcomes. The path to your desired outcomes may seem tricky, but Simfoni can help.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

EC Sourcing Group

DECEMBER 1, 2020

Making RFPs (or request for proposals)is a necessary part of your procurement management strategy. Before the development of RFP software, purchasing and procurement departments would go through the process manually, which would take quite a bit of time and effort. The Best RFP Automation Software: Why Automation?

Procurement Solutions 52

Procurement Solutions Analytics Software Software Sourcing Strategies 52

EC Sourcing Group

FEBRUARY 9, 2022

Spend management refers to the process of managing company purchasing and relationships with suppliers to keep track of every dollar spent , resulting in procurement cost reduction. Without proper procurement analytics to find tail spend, the hidden tail goes down a rabbit hole.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 52

EC Sourcing Group

FEBRUARY 7, 2022

Spend management refers to the process of managing company purchasing and relationships with suppliers to keep track of every dollar spent , resulting in procurement cost reduction. Without proper procurement analytics to find tail spend, the hidden tail goes down a rabbit hole.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 52

EC Sourcing Group

JUNE 24, 2021

Review of Procurement and Sourcing Technology Tools from EC Sourcing Group. FROM GUEST BLOGGER, KUMAR KANNEN at Procural www.procuralservices.com. I am going to dig into the fast-evolving world of sourcing technology from a practitioner’s perspective as part of an on-going series.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Procurement Solutions Modeling Software 52

EC Sourcing Group

FEBRUARY 5, 2019

The majority of purchasing managers that contact me operate in chaos mode and want a roadmap out. Driving efficiency in sourcing and supplier management are common goals in purchasing and procurement. I will share some of the benefits to be gained with the right purchasing platform for your consideration.

Procurement Analytics 40

Procurement Analytics Purchasing Skills Procurement Solutions Optimal Sourcing 40

EC Sourcing Group

MARCH 25, 2019

For many mid-size companies, indirect spend is killing their bottom line and derailing their efforts to implement strategic sourcing. Knowing that there are issues and opportunities but lacking the staff and time to drive change tops the list of frustrations for procurement professionals I speak with weekly.

Negotiating Skills 45

Negotiating Skills Purchasing Skills Manufacturing Procurement Expense Reduction 45

EC Sourcing Group

APRIL 21, 2020

One School District’s Purchasing Staff is Successfully Operating Virtually During Coronavirus. The purchasing group of one of the largest school districts in New Jersey is successfully navigating the Coronavirus pandemic without missing a beat. This wouldn’t have been possible less than two years ago.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

EC Sourcing Group

FEBRUARY 22, 2022

eTendering refers to the process of conducting procurement online using a digital framework. Some advantages of eTendering for buyers include improved cost savings and more efficient bid evaluation. This includes: Have a plan or strategy in place not before purchase. Evaluate post-purchase. Automate scoring.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Sourcing Strategies Analytics Software 52

EC Sourcing Group

NOVEMBER 8, 2018

Transformation is a hot topic in procurement today. Here is some perspective gained from conversations with leaders in procurement at the recent Marcus Evans CPO Summit in Las Vegas. Leaders of business units must believe that procurement will help drive profitability and competitive advantage. Strategy and Organization.

Procurement Analytics 40

Procurement Analytics Procurement Solutions Procurement Las Vegas 40

EC Sourcing Group

OCTOBER 23, 2018

In addition, almost every procurement executive listed adoption and collaboration as important challenges. Transformation can only happen with collaboration and adoption between business units and procurement. Here is a list of some of the challenges facing procurement teams in their transformation journey.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 40

EC Sourcing Group

DECEMBER 11, 2018

There are 12 people in purchasing. This had previously been managed by another group in the city. The city had recently decided that a better approach was needed, and purchasing would now oversee the bus route award. The purchasing group worked with the account manager to set up and launch the bus route bid.

Procurement Solutions 40

Procurement Solutions Purchasing Training Procurement Analytics Vendor Strategies 40