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
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
DECEMBER 29, 2020
There are two functions that procurement software essentially performs: centralization and automation, both in the areas of purchasing materials and goods and replenishment of inventory. Have inventory management. You’ll find that most procurement software is called procure to pay software. Manage purchase orders. Run analytics.
EC Sourcing Group
NOVEMBER 17, 2020
Beyond procurement, you want to look for supply chain management software with inventory control, logistics, and demand planning and forecasting. Spend analytics. This helps you understand where you spend your dollars by procurement category. The Importance of Supply Chain Management Software in Procurement: What Are the Main Benefits?
EC Sourcing Group
SEPTEMBER 7, 2021
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. Opting to use Vendor Managed Inventory (VMI) services to help reduce overspend.
EC Sourcing Group
DECEMBER 14, 2020
Quite often, it is the most common way organizations source their goods and services, and for certain industries, such as those tied to the government and military, it is the preferred method. All of this type of software should speed up and automate your sourcing process. Knowledge base and template library. Vendor evaluations.
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