EC Sourcing Inventory Sourcing Strategies 
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. .
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.
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EC Sourcing Group
DECEMBER 29, 2020
If you’ve been thinking about upgrading your efficiency and perhaps automating your processes, whether it be for transparency or for collaboration, read on to learn more about procurement software and its features and what you should look for in a suite or in a singular solution. Have inventory management. Manage purchase orders.
EC Sourcing Group
JULY 26, 2022
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. Examples of Advanced Analytics. How To Use Advanced Analytics.
EC Sourcing Group
SEPTEMBER 7, 2021
If you’re executing your procurement strategies efficiently, you’re also continually running spend analysis reports. At its most basic, the following is a solid explanation of how the supply chain works: Source raw materials or goods from suppliers. Opting to use Vendor Managed Inventory (VMI) services to help reduce overspend.
EC Sourcing Group
NOVEMBER 17, 2020
This allows you to check and compare information across several suppliers efficiently before commitment. Beyond procurement, you want to look for supply chain management software with inventory control, logistics, and demand planning and forecasting. Thus, you’ll see a lot of: eSourcing tools. Automated tools. eAuction tools.
EC Sourcing Group
OCTOBER 26, 2021
However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency. Inventory management. IT in the supply chain can wear several different hats. Cost reduction.
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