EC Sourcing Group

MAY 11, 2021

This is where you will take a deep look at how your organization spends money, but performing an excellent spend analysis does much more than that. Before you begin to gather your spend data, you’ll need to identify all your known sources so you don’t have to add more data later. Group data by supplier. Gather all of your data.

Analysis 52

Analysis Optimal Sourcing Procurement EC Sourcing 52

EC Sourcing Group

MAY 21, 2020

Everything from the sourcing to the reconciliation was done in an “analog” format. However, learning Microsoft Excel or other spreadsheet programs could prove very tough and frustrating for some with many people creating their own systems and formulas. . Then spreadsheets came along, which was the beginning of procurement software. .

Procurement Solutions 40

Procurement Solutions Optimal Sourcing Procurement Purchasing Skills 40

EC Sourcing Group

MARCH 6, 2019

As part of my weekly routine, I speak with many talented people in sourcing about their challenges. If you are patient and implement tools and system changes that make it easier for stakeholders and suppliers to do business with your group – excellent results are inevitable. Change can be hard, and resistance is to be expected.

Sourcing Strategies 45

Sourcing Strategies Sourcing Negotiating Skills Expense Reduction 45

EC Sourcing Group

NOVEMBER 7, 2019

Cumbersome procurement processes that require the same amount of effort for simple buys as strategic ones. Procurement is slow to respond even if the purchase is urgent. Huge cost savings by eliminating POs for common recurring purchases – stakeholders now execute these purchases in less than 5 minutes.

Negotiating Skills 45

Negotiating Skills Negotiate Pricing Purchasing Skills Price Reduction 45

EC Sourcing Group

MAY 7, 2019

All of our pricing analysis is done in Excel because the pricing capability in our current tool is limited. My team cuts and pastes all the responses into Excel to analyze each event. I reviewed the concepts of our “Sourcing Internal Request Initiative” with our team and our President. Clearly there is a better way.”.

Manufacturing Procurement 45

Manufacturing Procurement Cost Reduction Strategies Tools Procurement 45

EC Sourcing Group

JULY 11, 2019

This is like using Excel to build financial analysis models – everything you need is included to create and then modify your workflow. Procurement at your service portal – How much easier would your life be if all stakeholders and business owners could use an online portal to start the purchasing process? The tools are configurable.

Procurement Solutions 40

Procurement Solutions Procurement Cost Reduction Strategies Modeling Software 40

EC Sourcing Group

OCTOBER 22, 2019

Some are perfect for 3 bids and a buy. New events can be created via one-click uploads from Excel. The volume of historical data that can be analyzed grows exponentially, enhancing strategic sourcing and competitive advantage. Preset groups of vetted suppliers can be invited to events with a few clicks.

Negotiating Skills 40

Negotiating Skills Waste Reduction Cost Reduction Strategies Sourcing Strategies 40

EC Sourcing Group

APRIL 25, 2019

To analyze bids, it is far easier to rekey the information into Excel than to use the analysis reporting tools in the system. Too often a system is easy to buy and difficult to implement or impossible to maintain. The most effective tools allow you to manage small events and massive events with similar effort.

Buyer Training 40

Buyer Training Cost Reduction Strategies Eliminating Excel in Purchasing Purchasing Training 40