EC Sourcing Group

NOVEMBER 23, 2021

A Request for Proposal (or RFP as it is more commonly known) is one of the most important pieces in sourcing and procurement and the overall supply chain. However, this can be a tedious process if you’re still sourcing using spreadsheets or haven’t made your procurement process digital quite yet. Construction Materials.

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EC Sourcing Material Savings Manufacturing Procurement Price Reduction 52

EC Sourcing Group

SEPTEMBER 28, 2021

In the world of procurement management , one thing that’s a given is working with suppliers. You may be unfamiliar with the terms or are unsure how to procure strategic suppliers—or you want to learn how strategic suppliers fit in the procurement world. Sourcing and Procurement Techniques: What Makes a Supplier Strategic?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Software EC Sourcing 52

EC Sourcing Group

SEPTEMBER 7, 2021

The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management. Manufacture or refine these goods into basic components.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

EC Sourcing Group

JULY 7, 2020

If you work in procurement or the purchasing department, you’re already aware of how it works. it is roughly the same as a normal procurement process, except the procurement is performed on a digital basis. . This type of software is a small but very imperative part of the overall Sourcing process. evaluation.

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Manufacturing Procurement Procurement Solutions Supply Chain Software Procurement Analytics 52

EC Sourcing Group

JULY 28, 2020

Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management? Objectives of Procurement Management: Managing Contracts.

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Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 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 27, 2020

In all stages of the procurement process, there are risks. There is the supply chain in the overall big picture, of which procurement is involved. Suppose you think about the main purposes of procurement. Statistically speaking, there will be much more than one risk within the supply chain and procurement process.

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Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Risk Management 52

EC Sourcing Group

JUNE 7, 2022

Everyone in the procurement and purchasing fields knows that sourcing is generally a process of getting the best product from top suppliers with good terms and price. When using advanced eSourcing tools, you’ll have a comprehensive eSourcing dashboard, a web-based, online platform where you’ll advertise sourcing needs.

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Procurement Solutions Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

OCTOBER 25, 2022

This procurement process is becoming more popular in today’s competitive business environment because of its advantages for buyers and sellers. Many government entities use the reverse bidding process because it allows them to procure the goods and services they need at the best price available. Manufacturing.

Price Reduction 52

Price Reduction Sourcing Strategies Cost Reduction Strategies Negotiating Skills 52

EC Sourcing Group

JANUARY 24, 2019

Last week I suggested that a procurement cockpit is an essential tool to manage your business in 2019. Today I will focus on KPIs that can provide deep insight into the efficiency and effectiveness of your operations, strategic sourcing efforts and how procurement systems are viewed internally. If it was always this easy.

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Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Solutions 45

EC Sourcing Group

DECEMBER 12, 2019

Raw Material Sourcing Success Story: More Suppliers Participated plus Time and Hard Dollar Savings. Let me share some of the highlights of this success story at an international manufacturing and distribution company. Let me share some of the highlights of this success story at an international manufacturing and distribution company.

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Material Savings Manufacturing Procurement Sourcing Negotiating Skills 52

EC Sourcing Group

MARCH 25, 2019

For many mid-size companies, indirect spend is killing their bottom line and derailing their efforts to implement strategic sourcing. Knowing that there are issues and opportunities but lacking the staff and time to drive change tops the list of frustrations for procurement professionals I speak with weekly.

Negotiating Skills 45

Negotiating Skills Purchasing Skills Manufacturing Procurement Expense Reduction 45

EC Sourcing Group

OCTOBER 13, 2020

Even if you’re working with the best team, the process is still a lengthy one, and it may be a part of procurement that you don’t look forward to. You may find that some suites may have other types of features, such as more vendor management features, eAuction features, or E-procurement features.

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EC Sourcing Group

MAY 7, 2019

How much time and money could be saved if your team was using intuitive and nimble tools for procurement and contract management? Suppliers don’t like our procurement system because it is clunky to navigate and asks for the same information each time. The size or industry isn’t a factor.

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Manufacturing Procurement Cost Reduction Strategies Tools Procurement 45

EC Sourcing Group

FEBRUARY 18, 2019

Should you invest time in a demo if you are considering a new procurement tool or platform? 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.

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Procurement Solutions Manufacturing Procurement Tools Waste Reduction 45

EC Sourcing Group

MAY 30, 2019

If you want stakeholders to buy in to your procurement process you may need to ask some “dumb” questions. If you are a procurement professional, it is certain that you will be asked to source products or services that haven’t existed previously. Why would I recommend this approach? Because it works. Uber was founded in 2009.

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Manufacturing Procurement Material Savings Cost Reduction Strategies Sourcing Strategies 45

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.

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