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.

Top 5 RFP Solutions for Manufacturing

EC Sourcing Group

Having the right RFP solutions for manufacturing can streamline your overall sourcing and procurement processes, keeping a stable supply chain. Top 5 RFP Solutions for Manufacturing. The manufacturing industry has unique needs when it comes to purchasing.

What is the Best Reverse Bidding Process and Strategy?

EC Sourcing Group

This can include when a regular supplier is out of a needed product, the buyer makes a strategic decision and opts for a second source for some of their parts, or the buyer wants a group of parts at a volume discount. What is the Best Reverse Bidding Process and Strategy?

Strategic Sourcing Solutions to Enhance Your Bottom Line

EC Sourcing Group

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?

Your Guide to eSourcing Platforms

EC Sourcing Group

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.

Ethics in Sourcing and Procurement Management

EC Sourcing Group

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.

Why You Should Choose Companies with Green Supply Chains

EC Sourcing Group

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. .

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 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.

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.

How to Master Reverse Bidding: A Guide for Buyers 

EC Sourcing Group

The endless back-and-forth could take days, sometimes weeks or months to source the needed service or materials. Streamlined sourcing using a reverse auction and reverse auction software positively affects procurement and the entire supply chain. .

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.

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.

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.

How to Optimize Your eSourcing Platform in 5 Steps

EC Sourcing Group

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.

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).

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.

What Makes the Best Sourcing Software?

EC Sourcing Group

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. . What Are the Benefits of Sourcing Software ?

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.

Your Guide to eAuction Tools

EC Sourcing Group

eAuction tools are imperative to sourcing, affecting your sourcing , procurement management, and ultimately, the entire supply chain. However, eAuctions are simply auctions conducted electronically to have a transaction occur between the supplier and the buyer.

Using Advanced Analytics to Improve Your Sourcing Outcomes

EC Sourcing Group

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts.

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.

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?

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 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 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.

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.

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.

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?

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.