Remove EC Sourcing Remove Inventory Remove Sourcing Remove Warehousing
article thumbnail

Top 5 Sourcing and Procurement Techniques

EC Sourcing Group

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. .

article thumbnail

How to Use Information Technology in Supply Chain Management

EC Sourcing Group

The supply chain consists of procurement , production, packaging, warehousing, shipping, risk management , delivery, among others. 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. Inventory management.

article thumbnail

Manufacturing Quality Issue Turns into a Huge Success Story for Procurement

EC Sourcing Group

Today I will share a fantastic success story from a strategic sourcing consultant who is friend of mine. Agreed to build a small warehouse next to the producer’s facility to streamline the supply chain. Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order.