EC Sourcing Group

MAY 3, 2023

When we make more environmentally friendly sourcing choices, we can reduce greenhouse gas emissions and minimize our impact on the environment. In our previous blog post, we discussed the benefits of sourcing locally. Unsurprisingly, technology has a role to play in green supplier selection.

Material Savings

EC Sourcing Group

APRIL 7, 2020

A crisis will shine a light on the weakest links in your supply chain. Wouldn’t we all like to have a supply chain built to withstand a ramming like the cruise ship RCGS Resolute? The current Corona virus pandemic will impact the supply chain of virtually every company. Expect shortages.

Material Savings

EC Sourcing Group

AUGUST 24, 2021

Category management in procurement is an integral part of the procurement strategy in which procurement managers take specific products or services and divide them into certain categories. Having integrated procurement technologies at your disposal without knowing how to improve and implement changes doesn’t mean much. How to improve.

Optimal Sourcing

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From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business.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

EC Sourcing Group

OCTOBER 4, 2022

Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. Strategic sourcing is often easily confused with eProcurement itself. Strategic Sourcing Solutions : Your Sourcing Tactics.

Negotiating Skills

EC Sourcing Group

APRIL 26, 2022

The eTendering process is an integral part of procurement and the overall supply chain. eTendering, also known as eSourcing , is simply the act of conducting procurement online—namely, receiving and sending tenders using an online platform, like tender process software. Tangible benefits include: Reduced cost of purchases.

Optimal Sourcing

EC Sourcing Group

JANUARY 11, 2021

In the entire supply chain, you, as a company, want to be able to deliver a final product to a buyer. There are many different stops within that supply chain along the way, such as procurement and procurement management. The Role of Reverse Auctions in Strategic Sourcing: What Is Strategic Sourcing?

Negotiating Skills

EC Sourcing Group

MAY 17, 2022

Global supply chain optimization is simply taking a closer look at and revamping your current supply chain to operate at its best. Your supply chain is the backbone of your business, no matter what role you play in purchasing and procurement. So, what is supply chain management ?

Optimal Sourcing

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. Compatible with Excel. Multilingual.

Material Savings

EC Sourcing Group

DECEMBER 5, 2022

Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. The two must work together to keep the source-to-contract process flow working effectively. . Decide on a sourcing strategy.

Negotiating Skills

EC Sourcing Group

AUGUST 30, 2022

The endless back-and-forth could take days, sometimes weeks or months to source the needed service or materials. However, the “analog” way of negotiations is long gone, thanks to reverse bidding and eAuction software. It’s simple—pending you have the right software! Is their supply chain well-managed and risk-averse?

Buyer Training

EC Sourcing Group

JANUARY 19, 2023

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.

Analysis

EC Sourcing Group

NOVEMBER 15, 2022

How Supply Chain Management Can Mitigate the Effects of Inflation. Rising inflation can certainly disrupt the supply chain. However, those following best practices for supply chain managemen t can mitigate the effects of inflation and keep things under control. percent increase in inflation rates.

Supply Chain Design Software

EC Sourcing Group

FEBRUARY 22, 2023

eAuction software has become an integral part of eSourcing, procurement, and the overall supply chain. For most companies, gone are the days of spreadsheets, endless phone calls and emails, and the tediously slow time it can take to source materials or services. What Are the Must-have Features of eAuction Software?

Supply Chain Design Software

EC Sourcing Group

JULY 26, 2022

Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities.

Optimal Sourcing

EC Sourcing Group

SEPTEMBER 5, 2019

If you are considering new tools for your procurement team to manage procurement and supply chain functions, this assessment should be a good starting point. One thing I realized is that the tools I take for granted do make the tasks far more efficient. His suggestions on the best approach and materials were invaluable.

Supply Chain Software

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 benefits suppliers as well as buyers, making these types of auctions a very important part of the supply chain. Choosing the Right Auction Software.

Supply Chain Software

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

EC Sourcing Group

AUGUST 16, 2022

A perceived lack of ethics may affect your reputation and the entire procurement process and supply chain. . Bribery may seem like the easiest unethical practice to avoid, but it still occurs, particularly when trying to save money. Illegal sourcing. As you can see, one false move can be incredibly costly. Favoritism.

Sourcing