EC Sourcing Group

OCTOBER 26, 2021

Before the Internet was a vital tool in business, the supply chain was a much different place than today. Read on to learn about the importance of quality in supply chain management, how IT helps to achieve that quality, and more details about the supply chain. Cost reduction.

Supply Chain Software 40

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

EC Sourcing Group

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. The importance of quality in supply chain management is undeniable. The truth is that global sourcing benefits outweigh the risks for many spend categories, and it’s advantageous to think about the big picture of your sourcing steps.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

EC Sourcing Group

DECEMBER 7, 2021

eSourcing in procurement falls under the umbrella of the procurement process, just as procurement fits within the supply chain. eSourcing software should be a part of your overall procurement software suite , and finding the best professional eSourcing service depends on the procurement needs of your company.

Procurement 52

Procurement EC Sourcing Sourcing Strategies Analytics Software 52

EC Sourcing Group

OCTOBER 19, 2021

Read on to learn more about reverse auctions, the importance of strategic sourcing , the difference between tactical buying vs. strategic sourcing , and what to look for in strategic sourcing software. The Importance of Strategic Sourcing : Why Are People Scared to Use Reverse Auctions? eRFx tools.

Sourcing Strategies 52

Sourcing Strategies EC Sourcing Optimal Sourcing Supply Chain Software 52

EC Sourcing Group

JULY 7, 2020

What Is eSourcing in Supply Chain Management? If you’re wondering, “ What is eSourcing in supply chain management? ” Read on to learn, “What is eSourcing in supply chain management? ” What Is eSourcing in Supply Chain Management? eSourcing Software. Using eAuction Software.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Supply Chain Software Procurement Analytics 52

EC Sourcing Group

MAY 31, 2022

It’s estimated that approximately 90 percent of businesses use some procurement strategy to acquire goods and services. However, not everyone is using eSourcing software — a cost-effective, efficient way to source. eSourcing Software: So How Does This Work? eSourcing Software: Allows for Best Practices.

Supply Chain Software 52

Supply Chain Software Software Sourcing Strategies Optimal Sourcing 52

EC Sourcing Group

JULY 21, 2020

Business process management solutions refer to a broad set of tools that can help organizations and corporations effectively streamline their workflow and work more efficiently, given tools, and software. What is E-Procurement in Supply Chain Management? How Can E-Procurement Expedite Your Process?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Modeling Software Supply Chain Software 52

EC Sourcing Group

OCTOBER 12, 2021

Finding the right procurement optimization solutio n is imperative to keep your entire procurement management process running smoothly throughout the supply chain. Much of your optimization will be accomplished through the strategic sourcing process, one of the best ways to keep things optimized and seamless. RFx software.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Negotiating Skills Supply Chain Optimization 52

EC Sourcing Group

SEPTEMBER 13, 2019

If you could automate the procurement process for low value items and gain control over tail spend, what would that mean for your company? Elimination or reduction of transaction costs. Elimination of nuisance suppliers. Elimination of nuisance suppliers. Reduced maverick spending. One caveat.

Procurement Solutions 45

Procurement Solutions Procurement Analytics Supply Chain Software Optimal Sourcing 45

EC Sourcing Group

APRIL 7, 2020

A crisis will shine a light on the weakest links in your supply chain. Wouldn’t we all like to have a supply chain built to withstand a ramming like the cruise ship RCGS Resolute? The current Corona virus pandemic will impact the supply chain of virtually every company. Expect shortages.

Material Savings 52

Material Savings Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 52

EC Sourcing Group

JUNE 7, 2022

Everyone in the procurement and purchasing fields knows that sourcing is generally a process of getting the best product from top suppliers with good terms and price. The right eSourcing software is a central part of eSourcing best practices. Read on for tips on how advanced eSourcing tools should be a part of your best practices.

Procurement Solutions 52

Procurement Solutions Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

EC Sourcing Group

FEBRUARY 16, 2021

As the pandemic surges on, your sourcing and contract management strategies may still be struggling. . First and foremost, having the right procurement software solutions in play can always keep everyone on the same page in that respect. or “Is that contract approved by legal yet” types of situations.

Optimal Sourcing 52

Optimal Sourcing Procurement Sourcing Strategies EC Sourcing 52

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

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

JANUARY 11, 2021

In the entire supply chain, you, as a company, want to be able to deliver a final product to a buyer. There are many different stops within that supply chain along the way, such as procurement and procurement management. The Role of Reverse Auctions in Strategic Sourcing: What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 52

EC Sourcing Group

JUNE 14, 2023

In the dynamic world of procurement , sourcing teams are constantly on the lookout for innovative strategies to drive cost savings and improve supplier relationships. Reverse auctions have emerged as a powerful tool that helps businesses achieve these goals.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 52

EC Sourcing Group

JULY 20, 2023

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Cost Optimization : Commodity prices in the energy sector can be highly volatile.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

EC Sourcing Group

AUGUST 9, 2022

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. Sourcing is the acquiring of goods and services needed to run a business or make a product. . But, what makes the best sourcing software for your strategic sourcing solutions ? .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Supply Chain Software 52

EC Sourcing Group

NOVEMBER 9, 2021

If you’re still participating in a manual sourcing process, it’s likely time-consuming and frustrating at times. Over time, most aspects of sourcing and procurement have become digital (aptly named “eSourcing”), which has improved efficiency and cost for all of the supply chain. What Is eTendering?

EC Sourcing 40

EC Sourcing Price Reduction Cost Reduction Strategies Sourcing Strategies 40

EC Sourcing Group

NOVEMBER 8, 2023

As 2024 approaches, a wave of technological advancements promises to redefine eSourcing , turning today’s best practices into relics of the past. Intelligent Automation and AI-Driven Analytics AI continues to be the powerhouse driving eSourcing into new dimensions of efficiency and insight. Why Act Now? Why Act Now? Why Act Now?

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Sourcing Strategies 52

EC Sourcing Group

JUNE 14, 2022

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. Spend analysis technology” and “ spend analysis software” are parallel terms, and automates the entire spending analysis system. So, what is it ? Risk Management.

Analysis 52

Analysis Forecasting Software Vendor Strategies Analytics Software 52

EC Sourcing Group

SEPTEMBER 21, 2021

eTendering has become a must in today’s global economy, particularly in the supply chain and procurement. The X is just an easy stand-in for any feeler you put out along the supply chain. Provided you have the right software; the automation should streamline your sourcing process by at least 35 percent.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing EC Sourcing Sourcing Strategies 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. We’ll also cover why choosing the right spend analysis software is critical to success. In-house software.

Analysis 52

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

EC Sourcing Group

FEBRUARY 1, 2022

Sourcing electronically instead of leaving a paper trail saves time, money, and is a much more efficient way to procure goods and services. eSourcing software is a must for local governments and municipalities for many reasons. Municipalities easily come under scrutiny at the public level, and using the right software is a must.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing Buyer Training Price Reduction 52

EC Sourcing Group

FEBRUARY 1, 2022

Sourcing electronically instead of leaving a paper trail saves time, money, and is a much more efficient way to procure goods and services. eSourcing software is a must for local governments and municipalities for many reasons. Municipalities easily come under scrutiny at the public level, and using the right software is a must.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing Buyer Training Price Reduction 52

EC Sourcing Group

MAY 3, 2022

Many CPO’s don’t realize that a reverse auction strategy can play an important role in overall procurement strategy, allowing for access to a larger supplier base, more opportunities for cost savings, reduced cycle times, and improved relationships with suppliers, just to name a few. Compatible with Excel. Multilingual.

Material Savings 52

Material Savings Optimal Sourcing Price Reduction Waste Reduction 52

EC Sourcing Group

JANUARY 26, 2021

,” read on to learn more about it and why it’s useful in procurement and in the supply chain overall. Reverse Auction in the Supply Chain. you may also be wondering where it fits in the supply chain. Supply chain management is the overall infrastructure needed to get a product to a customer.

EC Sourcing 40

EC Sourcing Supply Chain Planning Software Supply Chain Software Sourcing Strategies 40

EC Sourcing Group

DECEMBER 5, 2022

Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. The two must work together to keep the source-to-contract process flow working effectively. . Decide on a sourcing strategy.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

EC Sourcing Group

JUNE 28, 2022

“Tail Spend” refers to all of the high-volume, low-cost expenses a company incurs that aren’t typically managed, let alone optimized. Tail spend examples include purchases that are often too small to go through procurement, such as basic office supplies or employee gifts. This includes: Implementing the right software.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Analytics Software Optimization Software 52

EC Sourcing Group

SEPTEMBER 5, 2019

If you are considering new tools for your procurement team to manage procurement and supply chain functions, this assessment should be a good starting point. One thing I realized is that the tools I take for granted do make the tasks far more efficient. Will the casual user be able to utilize the tool without retraining?

Supply Chain Software 45

Supply Chain Software Procurement Supply Chain Strategy Material Savings 45

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

APRIL 29, 2020

Action Versus Worry About Your Supply Chain During the Corona Crisis. Yesterday, Tyson Foods took out a full-page ad in the NY Times to warn about impending shortages in the supply chain for meat. I can only base my conclusion on what I found but I believe Costco took immediate action to shore up their supply chain.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 59

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

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. It’s important to understand your options when selecting procurement software to help you reach your goals. Dig Into the Software.

Procurement Solutions 52

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

EC Sourcing Group

JULY 26, 2022

Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52