EC Sourcing Group

OCTOBER 19, 2021

The importance of strategic sourcing is that it takes a long look at the big overall picture and not just one transaction with a single supplier or vendor. Tactical buying does not focus on long-term goals and does not have many strategies behind it. The Importance of Strategic Sourcing: What Are the Benefits?

Sourcing Strategies 52

Sourcing Strategies EC Sourcing Optimal Sourcing Supply Chain Software 52

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. It also contributes to reducing a company’s carbon footprint, which makes it more attractive to consumers. Risk reduction. In March 2022, the U.S.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Proper classification enables the identification of strategic suppliers, preferred vendors, and potential risks associated with suppliers, allowing organizations to establish robust supplier management programs.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

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. Identify your data sources that can help identify supplier performance.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

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.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

EC Sourcing Group

MAY 14, 2020

Define KPIs and metrics and run reports. Using these types of tools can help: cut costs. improve engagement with customers, clients, and vendors. If you’d like to hear more about the best business process management software by scheduling a demo , contact EC Sourcing Group today by calling 1-888-353-9737, option 1.

Software 52

Software EC Sourcing Vendor Strategies Expense Reduction 52