Remove EC Sourcing Remove Procurement Solutions Remove Supply Chain Strategy
article thumbnail

How Firms Use eSourcing to Optimize Their Supply Chain Networks

EC Sourcing Group

How Firms Use eSourcing to Optimize Their Supply Chain Networks. One of the most important things that a business needs to do is keep its supply chain healthy. If there’s a break in the chain, this can negatively affect business in several ways. Benefits of eSourcing in the Supply Chain.

article thumbnail

Spend Analysis in Supply Chain Management

EC Sourcing Group

Spend Analysis in Supply Chain Management. The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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?

article thumbnail

Best in Breed vs. Suite Solution: Which Is the Right eSourcing Platform for You?

EC Sourcing Group

Not all procurement and eSourcing software are created the same—perhaps your current solution lives up to expectations in some areas but the eSourcing module isn’t quite what you need. This is a fairly common problem, as businesses have different priorities and nuanced procurement needs. Dig Into the Software.

article thumbnail

Why You Should Choose Companies with Green Supply Chains

EC Sourcing Group

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.

article thumbnail

Why Traditional Sourcing Methods are Holding You Back

EC Sourcing Group

From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business.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

article thumbnail

What Is Spend Analysis?

EC Sourcing Group

The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. is vital to procurement and the supply chain. We’ll also cover why choosing the right spend analysis software is critical to success. In-house software.