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

EC Sourcing Group

DECEMBER 17, 2018

The goal for my friend was to find a new supplier that could meet their quality standards – fast. Once they received the final bids, they scored the event and then commenced a negotiation with one bidder. Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order.

Manufacturing Procurement

EC Sourcing Group

MARCH 25, 2019

This isn’t simply an exercise to pressure suppliers to reduce their costs. A consumer products manufacturer and distributor reduced labeling costs by $800,000 (52%) by replacing a long-standing supplier. The supplier had been in place for many years and delivered “great” service.

Negotiating Skills