EC Sourcing Group

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. The importance of quality in supply chain management is undeniable. The truth is that global sourcing benefits outweigh the risks for many spend categories, and it’s advantageous to think about the big picture of your sourcing steps.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

EC Sourcing Group

MARCH 14, 2022

Is Software Required to Manage Tail Spend. Managing tail spend in procurement and the entire supply chain process is vital; poor tail spend management can lead to considerable loss. It’s estimated that just 80 percent of suppliers represent just 20 percent of an organization’s spend —so where does the other 20 percent go?

Procurement Solutions 52

Procurement Solutions Supply Chain Software Optimization Software Optimal Sourcing 52

EC Sourcing Group

DECEMBER 7, 2021

eSourcing in procurement falls under the umbrella of the procurement process, just as procurement fits within the supply chain. eSourcing software should be a part of your overall procurement software suite , and finding the best professional eSourcing service depends on the procurement needs of your company.

Procurement 52

Procurement EC Sourcing Sourcing Strategies Analytics Software 52

EC Sourcing Group

JULY 13, 2021

Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process. Read on to learn more about how to optimize your procurement sourcing systems. .

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Network Software 52

EC Sourcing Group

MARCH 29, 2022

7 Essential eSourcing Tools for 2022. When eSourcing is optimized, it can positively affect procurement and the overall supply chain. eSourcing is sourcing done digitally—tools that aim to simplify, streamline, and improve procurement and strategic sourcing overall.The eSourcing software you use is also important.

Optimization Software 52

Optimization Software Supply Chain Software Optimal Sourcing Tools 52

EC Sourcing Group

SEPTEMBER 28, 2021

One of the most important sourcing and procurement techniques is working with strategic suppliers and ensuring that you have a good relationship and understanding with this supplier base because this has a lot to do with the importance of quality in supply chain management. What Are Strategic Suppliers?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Software EC Sourcing 52

EC Sourcing Group

SEPTEMBER 6, 2022

Why You Should Choose Companies with Green Supply Chains. There is no denying that companies with green supply chains are becoming more and more the norm. A green supply chain reduces the harm that may occur at any stage of the procurement cycle—production, purchasing, logistics, material management, or distribution.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

EC Sourcing Group

JUNE 8, 2021

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. Procurement sourcing software can help make things easier, boost your team’s efficiency, and perhaps increase your quality of life. Billing management.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

EC Sourcing Group

AUGUST 24, 2021

Having integrated procurement technologies at your disposal without knowing how to improve and implement changes doesn’t mean much. Once you catch maverick spend, it’s time to rein it in. Are you keeping up with your supply chain’s ever-changing needs? Consider the following: Run spend analysis. Define spend categories.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies Supply Chain Optimization 52

EC Sourcing Group

AUGUST 31, 2021

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. . Top Sourcing and Procurement Techniques: Transparency.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

EC Sourcing Group

NOVEMBER 8, 2022

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Understanding the supply chain and potential issues that may arise in the future is worth the additional cost.

Optimal Sourcing 52

Optimal Sourcing Demand Planning Software Sourcing Strategies Supply Chain Software 52

EC Sourcing Group

APRIL 19, 2022

What Is eSourcing Software? eSourcing is a digital way to source suppliers. eSourcing is a small yet vital part of procurement , which affects the overall supply chain in a positive way if it’s carried out correctly. Read on to learn more about eSourcing platforms and software and how to look for the features you need.

Analytics Software 52

Analytics Software Optimization Software Optimal Sourcing Supply Chain Software 52

EC Sourcing Group

AUGUST 9, 2022

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. Sourcing is the acquiring of goods and services needed to run a business or make a product. . But, what makes the best sourcing software for your strategic sourcing solutions ? .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Supply Chain Software 52

EC Sourcing Group

FEBRUARY 16, 2021

As the pandemic surges on, your sourcing and contract management strategies may still be struggling. . First and foremost, having the right procurement software solutions in play can always keep everyone on the same page in that respect. or “Is that contract approved by legal yet” types of situations.

Optimal Sourcing 52

Optimal Sourcing Procurement Sourcing Strategies EC Sourcing 52

EC Sourcing Group

FEBRUARY 11, 2022

How to Get the Most from Reverse Auction Software. A reverse auction is an important part of procurement as procurement is vital throughout the entire supply chain. Some advantages to reverse auctions include cost and time savings, and discovering new suppliers. Reverse Auction Software: What Are the Must-have Features?

Analytics Software 52

Analytics Software Optimization Software Optimal Sourcing Demand Planning Software 52

EC Sourcing Group

MARCH 23, 2021

If you’re using eTendering as part of your procurement software solutions , you’ve probably already noticed that there is a positive outcome between eTenders and ROI. Still, there are many benefits of eTendering , as it saves time and is very efficient versus manual methods. How to Measure eTenders and ROI. Spend in each tender.

Negotiating Skills 52

Negotiating Skills EC Sourcing Analytics Software How To 52

EC Sourcing Group

NOVEMBER 8, 2023

As 2024 approaches, a wave of technological advancements promises to redefine eSourcing , turning today’s best practices into relics of the past. These innovations aren’t just upgrades—they are game-changers, reshaping the procurement landscape and setting the bar for what’s possible. The procurement world is on the brink of a new era.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Sourcing Strategies 52

EC Sourcing Group

FEBRUARY 8, 2023

From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. With the new sourcing methods and strategies available in 2023, you can eliminate those hassles and focus on what matters most—growing your business.

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

JULY 5, 2022

is vital to procurement and the supply chain. We’ll also cover why choosing the right spend analysis software is critical to success. What Is Spend Analysis : Choosing the Right Software. An important piece of modern-day spend analysis in procuremen t is choosing the right software. Some include: Licensed software.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

EC Sourcing Group

JUNE 3, 2020

Perhaps one of the toughest tasks of all in the entire supply chain and procurement process is mitigating the human factor and evaluating the relationships you have with your suppliers and strategic partners. However, while using supplier management software , you can still keep the human factor—it just streamlines the process. .

Negotiating Skills 52

Negotiating Skills Supplier Management EC Sourcing Supply Chain Software 52

EC Sourcing Group

MAY 28, 2020

Globally, most purchasing departments have moved on from a paper trail and have decided to make their procurement processes digital, which means that they now must be able to navigate E-procurement software and eSourcing software with some intermediate ability. Decrease cycle time. Finding Your Own Goals in Procurement.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Procurement 52

EC Sourcing Group

APRIL 12, 2022

A reverse auction can be a very important tool, and if performed correctly, can affect the supply chain in a positive way. A reverse auction is just what it sounds like; it is the opposite of a regular auction. Choosing the Right Auction Software. Pick the Right Category/Service and the Right Time.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing Sourcing Strategies Material Savings 52

EC Sourcing Group

DECEMBER 5, 2022

Let’s take a deeper look at the strategic sourcing process, how it relates to compliance, and how you can use contract compliance to increase the efficiency of your vendor relationship management program. What Is the Importance of Strategic Sourcing ? Source from pre-approved vendors. Monitor supply chains.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

EC Sourcing Group

JULY 12, 2022

Not all procurement and eSourcing software are created the same—perhaps your current solution lives up to expectations in some areas but the eSourcing module isn’t quite what you need. It’s important to understand your options when selecting procurement software to help you reach your goals. Dig Into the Software.

Procurement Solutions 52

Procurement Solutions Supply Chain Design Software Analytics Software Supply Chain Planning Software 52

EC Sourcing Group

MARCH 21, 2022

Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. Read on to learn more about how to optimize the procurement process and how to improve upon sourcing.

Optimal Sourcing 52

Optimal Sourcing Sourcing Optimization Software Supply Chain Planning Software 52

EC Sourcing Group

MARCH 12, 2023

If you want to streamline your supplier evaluation process, increase supply chain efficiency, and reduce costs, building an ideal supplier scorecard is crucial. The supplier is a third-party vendor that provides goods, materials, and services to your organization.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

EC Sourcing Group

JUNE 21, 2022

The use of reverse auctions in procurement has gained popularity in recent years, particularly because the “old Excel” way of sourcing is tedious. The buyer will name the price and the suppliers have the ability to opt-in or out of the auction at this time. Otherwise, they can complicate the supply chain and not be cost-effective.

Supply Chain Software 52

Supply Chain Software Sourcing Strategies Procurement Just-in-Time 52

EC Sourcing Group

MAY 3, 2022

Many CPO’s don’t realize that a reverse auction strategy can play an important role in overall procurement strategy, allowing for access to a larger supplier base, more opportunities for cost savings, reduced cycle times, and improved relationships with suppliers, just to name a few. The Right Software for Reverse Auction Success.

Material Savings 52

Material Savings Price Reduction Optimal Sourcing Waste Reduction 52

EC Sourcing Group

FEBRUARY 2, 2021

The term eTendering can be a confusing concept if the term isn’t fully explained to a buyer who’s just in the process of taking their procurement processes online. The Top 5 Benefits of eTendering. There are different types of eTendering portals where buyers can connect with suppliers, and from there, contracts can be finalized.

Sourcing Strategies 52

Sourcing Strategies Supply Chain Software Procurement Just-in-Time 52

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. Say you took a gift or a low price from a vendor, neither of which seemed unethical at the time. A perceived lack of ethics may affect your reputation and the entire procurement process and supply chain. . Illegal sourcing.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

EC Sourcing Group

MAY 24, 2022

For example, if you streamline your sourcing and procurement processes, your supply chain also benefits. Read on to learn more about what to do before you begin your first auction, features to look for in reverse auction software, and how the overall process works. Using the Right Software in a Reverse Auction.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Purchasing Skills Supply Chain Planning Software 52

EC Sourcing Group

JULY 28, 2020

Procurement and purchasing is one stop on the supply chain , but everyone suffers if there’s a break in the chain. Every link is important, and being knowledgeable about the entire supply chain, as well as the ins and outs of procurement management, are imperative to keep the entire team running smoothly and as one unit. .

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 52

EC Sourcing Group

AUGUST 13, 2019

Workflow tools are available that will pull information from any system in real time. These tools can automate virtually any manual process and the valuable information that is not available currently. Here is a short list of basic goals for your consideration: Ability to see all events and projects in real time.

Procurement 45

Procurement Demand Planning Software Supply Chain Software Tools 45

EC Sourcing Group

FEBRUARY 12, 2020

A surprising number of companies have similar goals for their procurement and supply chain. Significantly reduce cycle times. I can’t remember any client telling me that using a cloud-based platform I recommended made their job more difficult or more time consuming. The reason is time. Broaden the supplier base .

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Cost Reduction Strategies 52

EC Sourcing Group

OCTOBER 19, 2021

However, those who regularly use them as part of their strategic sourcing methodology understand the relationship between reverse auctions and success in strategic sourcing. . The Importance of Strategic Sourcing : Why Are People Scared to Use Reverse Auctions? This is another myth. Reverse auctions will simply hurt suppliers.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing EC Sourcing Supply Chain Software 52

EC Sourcing Group

SEPTEMBER 21, 2021

eTendering has become a must in today’s global economy, particularly in the supply chain and procurement. You may find that if you’re talking about global markets that eTendering is the more common term, but if you’re talking about tendering just within the United States, eRFX is the more commonly used term. What Is eRFX?

Negotiating Skills 52

Negotiating Skills Negotiate Pricing EC Sourcing Sourcing Strategies 52

EC Sourcing Group

AUGUST 30, 2023

Achieving supplier transparency in procurement is often challenging, but it’s a crucial step toward ensuring that your supply chain operates ethically and sustainably. Supply chains are complex, often spanning the globe and involving numerous suppliers.

Supply Chain Design Software 52

Supply Chain Design Software Demand Planning Software Supply Chain Software Supply Chain Strategy 52