EC Sourcing Group

FEBRUARY 16, 2021

How to Streamline Contracts and Procurement (During the COVID-19 Pandemic). Streamlining contracts and procurement even before the COVID-19 pandemic may have been difficult. As the pandemic surges on, your sourcing and contract management strategies may still be struggling. .

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EC Sourcing Group

OCTOBER 19, 2021

Read on to learn more about reverse auctions, the importance of strategic sourcing , the difference between tactical buying vs. strategic sourcing , and what to look for in strategic sourcing software. The Importance of Strategic Sourcing : Why Are People Scared to Use Reverse Auctions?

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EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Streamlining Procurement Processes: Proper spend classification ensures a structured approach to eSourcing activities.

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EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

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EC Sourcing Group

JULY 26, 2022

Here are some types to consider: CPO Cockpit: Chief procurement officers acquire goods and services and use workflow management systems to meet a company’s organizational goals while reducing costs and increasing profit. Establish metrics to determine product quality and longevity. See the big picture at a glance.

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EC Sourcing Group

SEPTEMBER 6, 2022

A green supply chain reduces the harm that may occur at any stage of the procurement cycle—production, purchasing, logistics, material management, or distribution. Share supplier-specific information and requirements with your suppliers to get updates on the metrics they use to measure their own sustainability performance.

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EC Sourcing Group

MAY 31, 2023

As a key metric for procurement teams, PPV reflects their effectiveness in delivering cost savings to the enterprise. The Strategic Spend Terminal streamlines procurement processes, enhances supplier management , and empowers users to identify cost-saving opportunities by analyzing PPV trends and patterns.

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