EC Sourcing Group

FEBRUARY 16, 2021

Provided everyone has access to the sourcing and supply chain management software, there should never be a misstep in the contracting process. KPIs include metrics such as: Compliance rate. There are other KPIs that can help with contracts and procurement; these are just a few of many metrics that can be measured.

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Optimal Sourcing Procurement Sourcing Strategies EC Sourcing 52

EC Sourcing Group

OCTOBER 19, 2021

Reverse auctions will weaken the supply chain because it can cause tension with the suppliers. Competitive bidding also gives suppliers a chance to have their A-game on—if they are consistently losing bids, perhaps it’s time to look at the quality of their goods and services or their own supply chain to make improvements. .

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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.

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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. Identify your data sources that can help identify supplier performance. Update the data frequently because interactions and transactions with the supplier change often.

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EC Sourcing Group

JULY 26, 2022

These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts.

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EC Sourcing Group

MAY 17, 2023

Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management. Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy.

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