EC Sourcing Group

NOVEMBER 1, 2022

Top 5 RFP Solutions for Manufacturing. The manufacturing industry has unique needs when it comes to purchasing. As an essential part of the global economy and a key driver of job growth, manufacturing organizations must find the best ways to stay competitive and increase efficiency. The Challenges of RFP in Manufacturing .

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Analytics Software Supply Chain Software 52

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. Manufacture or refine these goods into basic components. Some experts in the field say there are four steps, while others say as many as seven. Assemble these components into parts and products.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

EC Sourcing Group

JANUARY 11, 2021

The Role of Reverse Auctions in Strategic Sourcing: What Is Strategic Sourcing? To get a finalized product to your customers, you have to source (buy) goods and services from your suppliers to manufacture.

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 52

EC Sourcing Group

DECEMBER 17, 2018

If you sell a premium product, manufacturing quality issues can kill your image and your bottom line. Today I will share a fantastic success story from a strategic sourcing consultant who is friend of mine. The manufacturer made several attempts to rectify the issues but were unsuccessful. A disaster turned into a huge success.

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Manufacturing Procurement Negotiating Skills Negotiate Pricing Quality 40

EC Sourcing Group

OCTOBER 12, 2020

October 13, 2020 / EC Sourcing Group, a leading global provider of SaaS sourcing technology solutions, has announced its acquisition of procurement solution provider, BidMode, with full terms of the merger remaining confidential. About EC Sourcing Group. Morristown, N.J.,

Optimal Sourcing 52

Optimal Sourcing EC Sourcing Manufacturing Procurement Sourcing Strategies 52

EC Sourcing Group

OCTOBER 25, 2022

Manufacturing. Manufacturing companies are great candidates for using the reverse bidding process because it helps them identify cost savings and reduce inefficiencies in their supply chains.

Price Reduction 52

Price Reduction Sourcing Strategies Cost Reduction Strategies Negotiating Skills 52

EC Sourcing Group

JUNE 7, 2022

eSourcing isn’t the best fit for all sourcing—it works best with raw materials, construction materials, manufacturing components, and similar items. Use eSourcing Strategically. Knowing when to use advanced eSourcing tools is imperative. However, you may want to pass on eSourcing for highly customized products or services.

Procurement Solutions 52

Procurement Solutions Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

JULY 28, 2020

However, in procurement, organizational spend typically goes toward preferred suppliers (and their goods and/or services) to produce a final product or good on the manufacturing side of the organization. . Your company needs to purchase (procure) the goods or services to make the final product.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 52

EC Sourcing Group

DECEMBER 1, 2021

Savings is one component of value; in a constrained market, the best sourcing expert may only be able to control cost increases, and not offset them completely. If you are a small or mid-size company in manufacturing, agribusiness, retail or distribution, your transportation spend can be substantial.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

SEPTEMBER 2, 2021

Savings is one component of value; in a constrained market, the best sourcing expert may only be able to control cost increases, and not offset them completely. If you are a small or mid-size company in manufacturing, agribusiness, retail or distribution, your transportation spend can be substantial.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

OCTOBER 13, 2020

As most RFP software is crafted to a company’s needs, the software manufacturer will likely want to give you a custom quote. As you look for the best RFP software, realize that it’s not a solo decision, and it’s one that should be made as a team. Firstly, the decision will be more than requesting a demo and downloading a trial.

Software 52

Software EC Sourcing Manufacturing Procurement How To 52

EC Sourcing Group

NOVEMBER 1, 2023

In the ever-evolving landscape of manufacturing procurement , data plays a pivotal role in ensuring efficiency, cost-effectiveness, and strategic decision-making. However, global manufacturing businesses often face a unique set of data challenges that can hinder their procurement processes. Category Spend Analysis 4.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Software 52

EC Sourcing Group

DECEMBER 12, 2019

Let me share some of the highlights of this success story at an international manufacturing and distribution company. The direct materials category manager kept hearing rave reviews about a new sourcing platform from the indirect category manager.

Material Savings 52

Material Savings Manufacturing Procurement Sourcing Negotiating Skills 52

EC Sourcing Group

MARCH 25, 2019

A consumer products manufacturer and distributor reduced labeling costs by $800,000 (52%) by replacing a long-standing supplier. Consultants that employ powerful analytical tools with category expertise can achieve exceptional results for you. Here are some sample success stories to illustrate what is possible.

Negotiating Skills 45

Negotiating Skills Purchasing Skills Manufacturing Procurement Expense Reduction 45

EC Sourcing Group

JANUARY 24, 2019

These materials represented almost 70% of the cost of goods manufactured. Early in my career, I was able to forecast the profitability of one division based on the price trends of four key raw materials. If it was always this easy. Each KPI should have a benchmark or reference point of comparison.

Manufacturing Procurement 45

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Solutions 45

EC Sourcing Group

MAY 7, 2019

Compare that with the conversation I just had with a large manufacturing and distribution client who implemented our sourcing platform less than 12 months ago. “I I reviewed the concepts of our “Sourcing Internal Request Initiative” with our team and our President.

Manufacturing Procurement 45

Manufacturing Procurement Cost Reduction Strategies Tools Procurement 45

EC Sourcing Group

MAY 30, 2019

In the last month I have spoken with prospective clients in property management, media, energy, insurance, private schools, home building, consulting and manufacturing. These companies contacted me about sourcing, workflow and contract management tools. I have learned how to do this successfully in my current role.

Manufacturing Procurement 45

Manufacturing Procurement Material Savings Cost Reduction Strategies Sourcing Strategies 45

EC Sourcing Group

FEBRUARY 18, 2019

Purchasing needs can vary dramatically among business units Spend categories are rarely uniform in importance for departments like IT, MRO, HR, Manufacturing etc. Before I provide my opinion, I will provide some practical context.

Procurement Solutions 45

Procurement Solutions Manufacturing Procurement Tools Waste Reduction 45