EC Sourcing Group

MARCH 21, 2022

Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. Read on to learn more about how to optimize the procurement process and how to improve upon sourcing.

Optimal Sourcing 52

Optimal Sourcing Sourcing Optimization Software Supply Chain Planning Software 52

EC Sourcing Group

DECEMBER 13, 2021

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process. Risk management tools.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing 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

MARCH 29, 2022

7 Essential eSourcing Tools for 2022. eSourcing is sourcing done digitally—tools that aim to simplify, streamline, and improve procurement and strategic sourcing overall.The eSourcing software you use is also important. Your eSource system should include a source-to-contact centralized eSourcing management platform.

Optimization Software 52

Optimization Software Supply Chain Software Optimal Sourcing Tools 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 From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business.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

JULY 13, 2021

How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process. Expand your networks.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Network Software 52

EC Sourcing Group

SEPTEMBER 20, 2022

Ethics in Sourcing and Procurement Management. Read on to learn more about procurement management and ethics, how to spot unethical behavior, and how your eSourcing software can help you pave the way to an ethical and risk-free sourcing and procurement process. Illegal sourcing. Principles of Ethics in Procurement Management.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Purchasing Skills Sourcing Strategies 52

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

EC Sourcing Group

JUNE 17, 2020

Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. Sourcing is but one step in the procurement process. Sourcing is but one step in the procurement process.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Purchasing Skills Supply Chain Design Software 52

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

AIMMS

MARCH 30, 2020

The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources.

Supply Chain Disruption 156

Supply Chain Disruption Supply Chain Design Software Optimal Sourcing Scenario Planning 156

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. Every company wants to save money, but the right sourcing software can help you manage spend and save money the right way. Illegal sourcing. Falling for unethical business practices can affect sourcing and procurement. Favoritism.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

EC Sourcing Group

NOVEMBER 8, 2023

With deeper learning capabilities and more nuanced decision-making algorithms, AI is streamlining the most complex sourcing tasks, offering a significant competitive advantage to early adopters. Embracing AI-driven tools immediately can place businesses ahead of the curve. Sustainable and Ethical Sourcing Why Act Now?

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Sourcing Strategies 52

ivalua

FEBRUARY 25, 2021

Demo Breakout. The Benefits of Embedding Accounts Payable within the Source-to-Pay journey. Therefore, being able to control DPO is a powerful tool in the Chief Finance Officer toolkit. The post AMER 2021 Day 2 Demo Three appeared first on Ivalua. Achieve 96% straight-through-processing of invoices with smart matching.

Demand Planning Software 100

Demand Planning Software Video Tools Sourcing 100

Resilinc

APRIL 8, 2024

Taiwanese manufacturers have reinforced their factories against earthquakes for years, employing automatic shutdown systems to reduce damage to production and tools. Having the tools, data, and resources to act quickly in events like the Taiwan earthquake are key to building ‘anti-fragile’ supply chains.

Taiwan 94

Taiwan Supply Chain Software Manufacturing Procurement Supply Chain 94

ivalua

NOVEMBER 3, 2021

A leading B2B wholesaler of installation and plumbing products, tools, and machinery, the company of 5,700 employees and over 240 stores operates in all Nordic countries and the Baltic States, generating over $3.9 Extend risk and performance mapping with external data sources and alert systems. billion in annual sales.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiating Skills Negotiate Pricing 130

EC Sourcing Group

MAY 25, 2021

Strategic sourcing and procurement are two words that should always be spoken together, as sourcing is perhaps the most important aspect of procurement. However, you should always ensure that you’re using strategic sourcing best practices and utilizing the best tools available. Efficiency.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Negotiating Skills Analytics Software 52

EC Sourcing Group

AUGUST 23, 2022

How to Optimize Your Sourcing in 5 Steps. Optimizing your sourcing has many benefits, including time and cost savings. Sourcing optimization involves finding the most cost-effective group of suppliers for your needs. Read on to learn more about sourcing optimization and how to achieve it in five simple steps.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Modeling Modeling 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

ivalua

NOVEMBER 26, 2020

While organizations continue to utilize low-cost regions like Asia, they are also employing strategies like “Asia plus one” or “China plus one” where they develop secondary sources in another region or another country to provide some insurance against regional or geopolitical disruption.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

EC Sourcing Group

SEPTEMBER 6, 2022

As we’ve previously discussed, the best sourcing software can help streamline sourcing and improve winning in reverse auctions, but global sourcing software can put you in touch with a larger field of suppliers so that you can cherry-pick the ones with the most eco-friendly supply chains. . Profit increase.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

Resilinc

MARCH 26, 2024

This allows companies to see what is in demand, source alternative materials, and negotiate new contracts with suppliers at opportunistic price points. EventWatch AI —Resilinc’s supply chain disruption alert platform— monitors text-based electronic media worldwide 24/7, from over 104 million sources in 108 languages.

Modeling 111

Modeling Supply Chain Risk Management Modeling Software Risk Management 111

TrackVia

MARCH 25, 2024

They’re the tools that are quietly changing the game across different industries, from construction and healthcare to manufacturing and field services. Request Free Demo In the fast-paced realm of manufacturing and logistics, mobile workflows are the secret weapon for staying ahead of the competition.

Optimal Sourcing 105

Optimal Sourcing Supply Chain Design Software Cost Reduction Strategies Waste Reduction 105

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. When this is performed electronically through the internet, it is known as eSourcing or electronic sourcing. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. When this is performed electronically through the internet, it is known as eSourcing or electronic sourcing. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

OCTOBER 12, 2021

Much of your optimization will be accomplished through the strategic sourcing process, one of the best ways to keep things optimized and seamless. Procurement Optimization Solutions : What Does Strategic Sourcing Mean? It can help you make more confident, informed decisions on how to proceed as a company when sourcing.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Negotiating Skills Supply Chain Optimization 52

EC Sourcing Group

NOVEMBER 1, 2022

RFPs are an essential tool for managing complex manufacturing operations. Having the right RFP solutions for manufacturing can streamline your overall sourcing and procurement processes, keeping a stable supply chain. In modern times, RFP tools help you complete the process digitally, saving time and money. Engagement analytics.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Analytics Software Supply Chain Software 52

Arena Solutions

MAY 22, 2023

From engineering, quality, and procurement to suppliers and contract manufacturers—everyone must work off the same design to ensure that the right parts get sourced, the proper assembly lines and tooling are in place, and the product meets customer expectations. Not an Arena customer?

Supply Chain Design Software 77

Supply Chain Design Software Manufacturing Procurement Procurement Solutions Modeling Software 77

Resilinc

FEBRUARY 20, 2024

2 Specific PO delay prediction This tool leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. This patent pending model helps our customers’ teams and commodity managers make well-informed, data-driven decisions about the sourcing of key raw materials, empowering their negotiations. #4

Predictive Analytics Software 95

Predictive Analytics Software Modeling Supply Chain Planning Software Supply Chain Software 95

EC Sourcing Group

NOVEMBER 16, 2021

One of the more prominent features of supply chain software should be its analytical tools. The use of information technology in supply chain management has led to supply chain management cloud software that supplies you with the right analytical tools to mitigate risk more easily and better understand how risk is related to your spend.

Procurement Solutions 52

Procurement Solutions Analytics Software Logistics Network Optimization Software Supply Chain Software 52

Unleashed

MAY 7, 2024

It’s a blend of innovative technologies and eco-friendly practices that companies might implement, including the use of renewable energy sources, recycled materials, and more durable product designs which are easier to repair. Unilever focuses on water conservation, sustainable regenerative and ethical sourcing.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

LevaData

JANUARY 20, 2022

Do you have the tools needed to manage the effects of challenges like these and those to come? Learn more about the power of our solutions here , and then schedule a demo to see what we can do to safeguard your sourcing and procurement strategies. If not, LevaData has the perfect solution.

Negotiate Pricing 75

Negotiate Pricing Optimal Sourcing Negotiating Skills Supply Chain Design Software 75

EC Sourcing Group

NOVEMBER 23, 2021

A Request for Proposal (or RFP as it is more commonly known) is one of the most important pieces in sourcing and procurement and the overall supply chain. However, this can be a tedious process if you’re still sourcing using spreadsheets or haven’t made your procurement process digital quite yet. FlexRFP eSourcing: Project Types.

EC Sourcing 52

EC Sourcing Material Savings Manufacturing Procurement Price Reduction 52

EC Sourcing Group

APRIL 19, 2022

eSourcing is a digital way to source suppliers. There are many benefits to having the right eSourcing platform or eSourcing forum, which uses digital tools to manage your strategic suppliers and suppliers. The “old” days of sourcing were quite tedious, even when spreadsheets emerged as a tool. What Is eSourcing Software?

Analytics Software 52

Analytics Software Optimization Software Optimal Sourcing Supply Chain Software 52

Locus

OCTOBER 21, 2022

And then plan some more : Leverage data and insights to forecast festive season consumer behavior and plan your distribution networks, sourcing locations, and additional fleet requirements well in advance of the season. Make the best of the revenge festivities elevating the post-purchase consumer experience, Schedule a demo to know more.

Demand Planning Software 52

Demand Planning Software Supply and Demand Retail Supply Chain Planning Software 52

EC Sourcing Group

FEBRUARY 18, 2019

Should you invest time in a demo if you are considering a new procurement tool or platform? What are the pros and cons of demos? After participating in hundreds of demos in the past 3 years, I believe there is a better way. After participating in hundreds of demos in the past 3 years, I believe there is a better way.

Procurement Solutions 45

Procurement Solutions Manufacturing Procurement Tools Waste Reduction 45

Resilinc

FEBRUARY 16, 2021

Predictive analytics tool leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. The artificial intelligence (AI)-powered tool predicts how a supplier will perform – in the face of disruption – by analyzing past events and on-time delivery data.

Procurement Solutions 62

Procurement Solutions Procurement Analytics Predictive Analytics Software Predictive Analytics 62