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Why Traditional Sourcing Methods are Holding You Back

EC Sourcing Group

If you’re still performing sourcing manually or are curious about how to streamline your sourcing methods , read on to learn about these five ways traditional sourcing methods hold you back, and why tech-enabled sourcing strategies in procurement are a far better choice.

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Strategic Sourcing Solutions to Enhance Your Bottom Line

EC Sourcing Group

Strategic Sourcing Solutions to Enhance Your Bottom Line. 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. What Is Strategic Sourcing?

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Mastering Purchase Price Variance with Simfoni’s Strategic Spend Terminal

EC Sourcing Group

Managing spending is a top priority for executive teams across industries, and purchase price variance (PPV) holds immense significance in controlling costs. PPV measures the variation between the actual purchased price and the standard baseline price of goods and services.

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Procurement Technology Review of EC eSourcing and EC Optimize

EC Sourcing Group

Review of Procurement and Sourcing Technology Tools from EC Sourcing Group. FROM GUEST BLOGGER, KUMAR KANNEN at Procural www.procuralservices.com. I am going to dig into the fast-evolving world of sourcing technology from a practitioner’s perspective as part of an on-going series.

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Is Indirect Spend Killing Your Bottom Line and Your Strategic Sourcing Efforts?

EC Sourcing Group

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.