EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing

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. Procurement Sourcing Solutions : What Is Procurement Management? Billing management.

Optimal Sourcing

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. .

Negotiating Skills

EC Sourcing Group

SEPTEMBER 7, 2021

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.

Analysis

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

EC Sourcing Group

OCTOBER 25, 2022

What is the Best Reverse Bidding Process and Strategy? Manufacturing companies are great candidates for using the reverse bidding process because it helps them identify cost savings and reduce inefficiencies in their supply chains. Benefits for buyers include reduced manual labor costs and greater time efficiency.

Price Reduction

EC Sourcing Group

JULY 7, 2020

What Is eSourcing in Supply Chain Management? If you’re wondering, “ What is eSourcing in supply chain management? ” Read on to learn, “What is eSourcing in supply chain management? ” What Is eSourcing in Supply Chain Management? When you ask, ” What is eSourcing in supply chain management ?

Manufacturing Procurement

EC Sourcing Group

AUGUST 3, 2021

One of the most significant pieces when it comes to sourcing and procurement solutions is your suppliers. Read on to learn more about strategic supplier management and how it fits in the supply chain. . Sourcing and Procurement Solutions: What Is Supply Chain Management and Why Is It Important?

Sourcing Strategies

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

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

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

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.

Optimal Sourcing

EC Sourcing Group

NOVEMBER 17, 2020

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Read on to learn more about types of supply chain management software and how to pick the best type for your company’s needs. . Thus, you’ll see a lot of: eSourcing tools.

Procurement Solutions

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.

EC Sourcing

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. It’s an overall win-win strategy for both businesses and the community.

Purchasing Skills

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.

Material Savings

EC Sourcing Group

OCTOBER 12, 2021

Finding the right procurement optimization solutio n is imperative to keep your entire procurement management process running smoothly throughout the supply chain. Much of your optimization will be accomplished through the strategic sourcing process, one of the best ways to keep things optimized and seamless. RFx software.

Optimal Sourcing

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

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. We want to change the way you think about procurement.

Optimal Sourcing

EC Sourcing Group

DECEMBER 7, 2021

eSourcing in procurement falls under the umbrella of the procurement process, just as procurement fits within the supply chain. Automation to some may seem like a procurement risk, but it is an efficient way to save time. As the buyer, you need to utilize the right reverse auction procurement strategy.

Procurement

EC Sourcing Group

APRIL 7, 2020

A crisis will shine a light on the weakest links in your supply chain. Wouldn’t we all like to have a supply chain built to withstand a ramming like the cruise ship RCGS Resolute? The current Corona virus pandemic will impact the supply chain of virtually every company. Single source suppliers.

Material Savings

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. Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Examples of Advanced Analytics.

Optimal Sourcing

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

EC Sourcing Group

OCTOBER 26, 2021

Before the Internet was a vital tool in business, the supply chain was a much different place than today. Read on to learn about the importance of quality in supply chain management, how IT helps to achieve that quality, and more details about the supply chain. Cost reduction.

Supply Chain Software

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.

Optimal Sourcing

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. It goes much further than that.

Optimal Sourcing

EC Sourcing Group

NOVEMBER 16, 2021

Effectively managing your suppliers is an integral part of the procurement process (and important to the entire supply chain as well). So if you’re wondering, “What is supply chain management and why it is important?,” it’s imperative to manage every link in the supply chain, particularly your supplier relationships.

Procurement Solutions

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 ? .

Optimal Sourcing

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.

Optimal Sourcing

EC Sourcing Group

JANUARY 4, 2022

Naturally, this slows down the process of the entire supply chain. The right eProcurement software provides many improvements in the area of efficiency. Having a centralized repository is essential for efficiency. Before the Internet, procurement was a tedious process. Happier stakeholders.

Optimal Sourcing

EC Sourcing Group

JANUARY 4, 2022

Naturally, this slows down the process of the entire supply chain. The right eProcurement software provides many improvements in the area of efficiency. Having a centralized repository is essential for efficiency. Before the Internet, procurement was a tedious process. Happier stakeholders.

Optimal Sourcing

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. You don’t want half the content in the software and half in spreadsheets, if possible. Overall, it’s a move in the right direction for both you and your suppliers.

Supply Chain Software

EC Sourcing Group

OCTOBER 5, 2021

However, the sourcing and procurement process flow constantly changes, and its needs do as well. . At each turn, you can streamline your procurement process ; but this depends heavily on the skills of your team and the intuitive nature of the supply chain software that you’re using. . Record keeping of the event.

Procurement Analytics

EC Sourcing Group

JANUARY 25, 2022

The benefits of procurement software are many, as this promotes efficiency. Think of the entire supply chain and all the processes included, from start to finish. Procurement is part of the supply chain, and sourcing is under the umbrella of procurement. Overall poor supply chain management.

Procurement Solutions

EC Sourcing Group

JANUARY 25, 2022

The benefits of procurement software are many, as this promotes efficiency. Think of the entire supply chain and all the processes included, from start to finish. Procurement is part of the supply chain, and sourcing is under the umbrella of procurement. Overall poor supply chain management.

Procurement Solutions

EC Sourcing Group

SEPTEMBER 21, 2021

eTendering has become a must in today’s global economy, particularly in the supply chain and procurement. While there are very slight differences, in essence, they hold the same meaning: electronic tendering or electronic sourcing. The X is just an easy stand-in for any feeler you put out along the supply chain.

Negotiating Skills

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. What is E-Procurement in Supply Chain Management? Finding the Right Business Process Management Solutions.

Procurement Solutions