EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. The two must work together to keep the source-to-contract process flow working effectively. .

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EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.

Optimal Sourcing 52

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EC Sourcing Group

OCTOBER 25, 2022

What is the Best Reverse Bidding Process and Strategy? This can include when a regular supplier is out of a needed product, the buyer makes a strategic decision and opts for a second source for some of their parts, or the buyer wants a group of parts at a volume discount. Reverse Bidding Process: The Best Strategies to Use.

Price Reduction 52

Price Reduction Sourcing Strategies Cost Reduction Strategies Negotiating Skills 52

EC Sourcing Group

OCTOBER 19, 2021

However, those who regularly use them as part of their strategic sourcing methodology understand the relationship between reverse auctions and success in strategic sourcing. . The Importance of Strategic Sourcing : Why Are People Scared to Use Reverse Auctions? The Importance of Strategic Sourcing: What Are the Benefits?

Sourcing Strategies 52

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EC Sourcing Group

FEBRUARY 9, 2021

How to Optimize Your eSourcing Award Strategy. Sourcing is one of the most important foundations of procurement—if you’re not able to find the right suppliers you need and source goods from them, procurement cannot occur, and the entire supply chain, in essence, crumbles apart. What Are Sourcing Steps?

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Vendor Strategies Price Mitigation Strategies 52

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

OCTOBER 4, 2022

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?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

EC Sourcing Group

JUNE 14, 2023

In the dynamic world of procurement , sourcing teams are constantly on the lookout for innovative strategies to drive cost savings and improve supplier relationships. With increasing interest from companies of all sizes around the globe, reverse auctions are revolutionizing the way sourcing teams approach negotiations.

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EC Sourcing Group

AUGUST 3, 2021

One of the most significant pieces when it comes to sourcing and procurement solutions is your suppliers. Sourcing and Procurement Solutions: What Is Supply Chain Management and Why Is It Important? This is an essential part of the supply chain, particularly the sourcing and procurement solution of strategic supplier management.

Sourcing Strategies 52

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EC Sourcing Group

NOVEMBER 23, 2021

A Request for Proposal (or RFP as it is more commonly known) is one of the most important pieces in sourcing and procurement and the overall supply chain. However, this can be a tedious process if you’re still sourcing using spreadsheets or haven’t made your procurement process digital quite yet. FlexRFP eSourcing: Project Types.

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EC Sourcing Group

SEPTEMBER 14, 2021

As the process of procurement has become more automated, so has the strategic sourcing process and the components within it. Read on to learn more about what these are and how they fit into the strategic sourcing process. . The Strategic Sourcing Process: Define Strategic Sourcing. ??To How much are we spending?

Sourcing Strategies 52

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EC Sourcing Group

OCTOBER 12, 2021

Much of your optimization will be accomplished through the strategic sourcing process, one of the best ways to keep things optimized and seamless. Procurement Optimization Solutions : What Does Strategic Sourcing Mean? It can help you make more confident, informed decisions on how to proceed as a company when sourcing.

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Optimal Sourcing Optimization Software Negotiating Skills Supply Chain Optimization 52

EC Sourcing Group

APRIL 19, 2023

As consumers become more conscious of unethical supply chain practices and the impact of their purchasing decisions on local economies, companies are increasingly looking to local sourcing to support their communities and foster brand loyalty.

Purchasing Skills 52

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EC Sourcing Group

FEBRUARY 16, 2021

As the pandemic surges on, your sourcing and contract management strategies may still be struggling. . Provided everyone has access to the sourcing and supply chain management software, there should never be a misstep in the contracting process. Contracts and Procurements : Spend Analysis and Opportunity Assessments .

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EC Sourcing Group

DECEMBER 7, 2021

eSourcing stands for electronic sourcing, so it is the process of inviting suppliers to an RFx, collecting information about the suppliers, holding eAuctions for the procurement of goods and services, inviting a supplier to a contract, and evaluating the supplies afterward. Procurement: What Is the Best Professional eSourcing Service?

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EC Sourcing Group

JUNE 24, 2020

The software has built-in accounting functions that give you better visibility into your spending and habits, including data that identifies your purchasing trends, strategies for working with suppliers, how you can save money, and market conditions that could negatively or positively affect your situation. Thus, optimization is a must. .

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EC Sourcing Group

DECEMBER 29, 2020

If you’ve been thinking about upgrading your efficiency and perhaps automating your processes, whether it be for transparency or for collaboration, read on to learn more about procurement software and its features and what you should look for in a suite or in a singular solution. Simplified processes. Improved accuracy.

Procurement Solutions 52

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EC Sourcing Group

SEPTEMBER 7, 2021

If you’re executing your procurement strategies efficiently, you’re also continually running spend analysis reports. At its most basic, the following is a solid explanation of how the supply chain works: Source raw materials or goods from suppliers. Ensuring that all buying groups have switched to newly sourced suppliers.

Analysis 52

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EC Sourcing Group

JULY 26, 2022

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. 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. Interested in how advanced analytics can improve your sourcing?

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EC Sourcing Group

JANUARY 4, 2022

The right eProcurement software provides many improvements in the area of efficiency. Having a centralized repository is essential for efficiency. If you’d like to hear more about procurement spend analysis dashboards and how they work, or you would like to schedule a demo, contact EC Sourcing Group today at 973-936-9672.

Optimal Sourcing 52

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EC Sourcing Group

JANUARY 4, 2022

The right eProcurement software provides many improvements in the area of efficiency. Having a centralized repository is essential for efficiency. If you’d like to hear more about procurement spend analysis dashboards and how they work, or you would like to schedule a demo, contact EC Sourcing Group today at 973-936-9672.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Analytics Software Optimization Software 52

EC Sourcing Group

AUGUST 9, 2022

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. Sourcing is the acquiring of goods and services needed to run a business or make a product. . But, what makes the best sourcing software for your strategic sourcing solutions ? . Risk management.

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EC Sourcing Group

NOVEMBER 8, 2022

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Speed and Transparency. Contract management. RFx and eAuction management.

Optimal Sourcing 52

Optimal Sourcing Demand Planning Software Sourcing Strategies Supply Chain Software 52

EC Sourcing Group

JULY 7, 2020

This type of software is a small but very imperative part of the overall Sourcing process. Using eSourcing software reduces costs , saves time and maximizes your efficiency, offers you detailed supplier information so you can make a more educated choice, and helps ensure compliance. pre-purchase questionnaire. invitation to tender.

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EC Sourcing Group

DECEMBER 8, 2020

There are many steps in the supply chain and sourcing and procurement that are tedious, but they must be completed to run the business smartly and efficiently. To learn more about RFP automation software or to request a demo, get in touch with us today at EC Sourcing Group by dialing 973-936-9672 to set up an appointment. .

Supply Chain Software 52

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EC Sourcing Group

SEPTEMBER 28, 2021

One of the most important sourcing and procurement techniques is working with strategic suppliers and ensuring that you have a good relationship and understanding with this supplier base because this has a lot to do with the importance of quality in supply chain management. What Are Strategic Suppliers? It goes much further than that.

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EC Sourcing Group

SEPTEMBER 20, 2022

Ethics in Sourcing and Procurement Management. Read on to learn more about procurement management and ethics, how to spot unethical behavior, and how your eSourcing software can help you pave the way to an ethical and risk-free sourcing and procurement process. Illegal sourcing. Principles of Ethics in Procurement Management.

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EC Sourcing Group

NOVEMBER 17, 2020

This allows you to check and compare information across several suppliers efficiently before commitment. To hear more about the importance of supply chain management software in procurement or to make an appointment for a demo, reach out to us at EC Sourcing Group today at 973-936-9672 to speak with a member of our team. .

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EC Sourcing Group

NOVEMBER 16, 2021

It makes global sourcing in supply chain management more possible and efficient. To find out more about supply chain management cloud software or to receive a demo, contact us at EC Sourcing Group today at 973-936-9672 to speak with a member of our team.

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EC Sourcing Group

OCTOBER 5, 2021

However, the sourcing and procurement process flow constantly changes, and its needs do as well. . While it does take time to run, analyze, and judge reports and then make decisions, the efficiency and money it saves, in the long run, is well worth it. How to Streamline Your Procurement Process: Other Ideas to Try.

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EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.

Optimal Sourcing 52

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EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

SEPTEMBER 21, 2021

While there are very slight differences, in essence, they hold the same meaning: electronic tendering or electronic sourcing. Overall, benefits of eTendering include: Increased efficiency. Provided you have the right software; the automation should streamline your sourcing process by at least 35 percent. What Is eRFX?

Negotiating Skills 52

Negotiating Skills Negotiate Pricing EC Sourcing Sourcing Strategies 52

EC Sourcing Group

JULY 21, 2020

Business process management solutions refer to a broad set of tools that can help organizations and corporations effectively streamline their workflow and work more efficiently, given tools, and software. Finding the Right Business Process Management Solutions. E-procurement also leads to standardized buying. .

Procurement Solutions 52

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EC Sourcing Group

NOVEMBER 9, 2021

If you’re still participating in a manual sourcing process, it’s likely time-consuming and frustrating at times. Over time, most aspects of sourcing and procurement have become digital (aptly named “eSourcing”), which has improved efficiency and cost for all of the supply chain. Increased Efficiency: An Advantage of eTendering.

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EC Sourcing Group

JANUARY 25, 2022

The benefits of procurement software are many, as this promotes efficiency. Procurement is part of the supply chain, and sourcing is under the umbrella of procurement. Procurement is part of the supply chain, and sourcing is under the umbrella of procurement. Procurement Software and Solutions: eSourcing vs. eProcurement.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Analytics Supply Chain Software 52

EC Sourcing Group

JANUARY 25, 2022

The benefits of procurement software are many, as this promotes efficiency. Procurement is part of the supply chain, and sourcing is under the umbrella of procurement. Procurement is part of the supply chain, and sourcing is under the umbrella of procurement. Procurement Software and Solutions: eSourcing vs. eProcurement.

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