EC Sourcing Group Expands its Leadership Team

EC Sourcing Group

Sourcing Industry Veteran, Paul Martyn, joins EC Sourcing Group’s Leadership Team. In his new role Paul will serve as Vice President, Sourcing with responsibility leading strategic initiatives to EC Sourcing Group’s emerging and existing client partners.

EC Sourcing Group “Top Provider to Know” in Latest Procurement & Supply Chain Rankings

EC Sourcing Group

EC Sourcing also happens to be one of the most mature in capability, with a set of clever features that only comes from the battle scars of decades of managing sourcing events” — Spend Matters 2021.

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EC Sourcing Group “Top Provider to Know” in Latest Procurement & Supply Chain Rankings

EC Sourcing Group

EC Sourcing also happens to be one of the most mature in capability, with a set of clever features that only comes from the battle scars of decades of managing sourcing events” — Spend Matters 2021.

EC Sourcing Group ranks as a ‘Value’ & ‘Customer’ Leader in Latest eSourcing Benchmarking Study

EC Sourcing Group

EC Sourcing Group ranks as a ‘Value’ & ‘Customer’ Leader in Latest eSourcing Benchmarking Study. Spend Matters’ newly released Fall 2021 SolutionMap report names EC Sourcing Group a Customer & Value Leader across multiple organization types.

EC Sourcing Group joins the Simfoni Family of Digital Procurement Solutions

EC Sourcing Group

SAN FRANCISCO, CA – January 2022 – Simfoni, the world’s most accessible digital procurement vendor, today announced that it has completed its acquisition of EC Sourcing Group, an established leader in eSourcing and decision award optimization.

EC Sourcing Group joins the Simfoni Family of Digital Procurement Solutions

EC Sourcing Group

SAN FRANCISCO, CA – January 2022 – Simfoni, the world’s most accessible digital procurement vendor, today announced that it has completed its acquisition of EC Sourcing Group, an established leader in eSourcing and decision award optimization.

Best in Breed vs. Suite Solution: Which Is the Right eSourcing Platform for You?

EC Sourcing Group

Suite solutions can also be considered the best platform of its type, but unlike best in breed, suite programs are source-to-pay, where all of your procurement capabilities and software are interconnected.

What Is Spend Analysis?

EC Sourcing Group

Transform and integrate source spend data from key systems into one data set. Ability to integrate spend data to support source-to-pay cycle activities like supplier management, spend management, and savings project management.

Optimize Your Tail Spend with Analytics

EC Sourcing Group

Make sure automated sourcing platforms are connected to your P2P or ERP platforms. Simfoni understands that no two businesses are the same when it comes to sourcing and procurement.

What Are the Benefits of Procurement Software?

EC Sourcing Group

If you’d like to hear more about procurement spend analysis dashboards and how they work, or you would like to schedule a demo, contact EC Sourcing Group today at 973-936-9672. Before the Internet, procurement was a tedious process.

What Are the Benefits of Procurement Software?

EC Sourcing Group

If you’d like to hear more about procurement spend analysis dashboards and how they work, or you would like to schedule a demo, contact EC Sourcing Group today at 973-936-9672. Before the Internet, procurement was a tedious process.

4 Things You Should Know About a Reverse Dutch Auction

EC Sourcing Group

The use of reverse auctions in procurement has gained popularity in recent years, particularly because the “old Excel” way of sourcing is tedious. Getting to know the different types of reverse auctions can be tricky, however, if you or the supplier aren’t familiar with the process.

5 Things to Look for in eSourcing Software

EC Sourcing Group

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. 5 Things to Look for in eSourcing Software.

5 Things to Look for in eSourcing Software

EC Sourcing Group

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. 5 Things to Look for in eSourcing Software.

Your Guide to FlexRFP eSourcing

EC Sourcing Group

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. Read on to learn more about this type of eSourcing platform and how it can help streamline your sourcing process.

What Is Vendor Sourcing?

EC Sourcing Group

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. Auction Vendors: The Basics of Vendor Sourcing.

Top 4 Considerations for Supplier Management Software Solutions

EC Sourcing Group

It makes global sourcing in supply chain management more possible and efficient. To find out more about supply chain management cloud software or to receive a demo, contact us at EC Sourcing Group today at 973-936-9672 to speak with a member of our team.

6 Benefits of Spend Analysis

EC Sourcing Group

It is a process that identifies, gathers, cleanses, groups, categorizes, and analyzes your company’s spend data that leads to obvious benefits, such as saving money and boosting ROI, but the right technology is needed to make the process more efficient and effective.

Procurement Software and Solutions

EC Sourcing Group

Procurement is part of the supply chain, and sourcing is under the umbrella of procurement. Sourcing deals with all aspects of finding a supplier and contract management, and its software should be able to support these needs (such as eRFX).

Procurement Software and Solutions

EC Sourcing Group

Procurement is part of the supply chain, and sourcing is under the umbrella of procurement. Sourcing deals with all aspects of finding a supplier and contract management, and its software should be able to support these needs (such as eRFX).

Procurement: What Is the Best Professional eSourcing Service?

EC Sourcing Group

eSourcing stands for electronic sourcing, so it is the process of inviting suppliers to an RFx, collecting information about the suppliers, holding eAuctions for the procurement of goods and services, inviting a supplier to a contract, and evaluating the supplies afterward.

Advanced eSourcing Tools: What Are eSourcing Best Practices?

EC Sourcing Group

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.

Top 4 Advantages of eTendering

EC Sourcing Group

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.

Why You Need eSourcing Software

EC Sourcing Group

However, not everyone is using eSourcing software — a cost-effective, efficient way to source. Yes, you could source using manual processes, spreadsheets or the old back-and-forth method, but you wouldn’t be doing your company any favors.

What to Look for in a Procurement Optimization Solution

EC Sourcing Group

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? These strategic sourcing tools include: Spend analysis.

What to Expect in a Reverse Auction

EC Sourcing Group

For example, if you streamline your sourcing and procurement processes, your supply chain also benefits. You have a less informed choice—you won’t have much information if you have a large group of suppliers.

How to Optimize Your Global Supply Chain

EC Sourcing Group

Global supply chain optimization is simply taking a closer look at and revamping your current supply chain to operate at its best. Your supply chain is the backbone of your business, no matter what role you play in purchasing and procurement.

Achieve Your Procurement Goals with Reverse Auction Bidding

EC Sourcing Group

As a procurement professional, you want to develop processes based on strategic sourcing and ensure proper supplier evaluation and selection.

How to Use Information Technology in Supply Chain Management

EC Sourcing Group

In modern times, you’ll see many cases of global sourcing in supply chain management, which has been made possible through the use of information technology in supply chain management. Before the Internet was a vital tool in business, the supply chain was a much different place than today.

Why Are Reverse Auctions So Controversial?

EC Sourcing Group

However, those who regularly use them as part of their strategic sourcing methodology understand the relationship between reverse auctions and success in strategic sourcing. . The Importance of Strategic Sourcing : Why Are People Scared to Use Reverse Auctions?

How to Gauge the ROI of eTendering

EC Sourcing Group

It’s estimated by Gartner Group that 70 percent of procurement professionals are now using digital tools, but what about the other 30 percent? How to Gauge the ROI of eTendering. The eTendering process is an integral part of procurement and the overall supply chain.

What Are Strategic Suppliers?

EC Sourcing Group

One of the most important sourcing and procurement techniques is working with strategic suppliers and ensuring that you have a good relationship and understanding with this supplier base because this has a lot to do with the importance of quality in supply chain management.

How to Streamline Your Procurement Process from Weeks to Hours

EC Sourcing Group

However, the sourcing and procurement process flow constantly changes, and its needs do as well. . To hear more about how to streamline your procurement process, or to request a software demo, contact EC Sourcing Group today at 973-936-9672.

What Is eSourcing Software?

EC Sourcing Group

eSourcing is a digital way to source suppliers. The “old” days of sourcing were quite tedious, even when spreadsheets emerged as a tool. The “analog” way of sourcing and the constant back-and-forth can lead to breakdowns in supplier relationships. What Is eSourcing Software?

What is eTendering and Its Process?

EC Sourcing Group

While there are very slight differences, in essence, they hold the same meaning: electronic tendering or electronic sourcing. Provided you have the right software; the automation should streamline your sourcing process by at least 35 percent. What is eTendering and Its Process?

How to Optimize Your Procurement Sourcing Systems

EC Sourcing Group

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.

Your Guide to Reverse Auctions in 2022

EC Sourcing Group

Also, it’s imperative that it’s the right time for your market if you’re sourcing globally. To learn more about reverse auctions, or to schedule a software demo, contact EC Sourcing, a Simfoni Company through our web form located here. Your Guide to Reverse Auctions in 2022.

What is a Reverse Auction? Why Do Buyers Like Them?

EC Sourcing Group

As the process of procurement has become more automated, so has the strategic sourcing process and the components within it. Read on to learn more about what these are and how they fit into the strategic sourcing process. . The Strategic Sourcing Process: Define Strategic Sourcing. ??To

Spend Analysis in Supply Chain Management

EC Sourcing Group

At its most basic, the following is a solid explanation of how the supply chain works: Source raw materials or goods from suppliers. It fits best under line item number one because you would be tracking your spend as you are sourcing your goods.

Top 5 Sourcing and Procurement Techniques

EC Sourcing Group

Top 5 Sourcing and Procurement Techniques. Sourcing and procurement in supply chain management play some of the most important roles. Read on to learn more about the top sourcing and procurement solutions and how you can integrate them into your workflow.