EC Sourcing Group

AUGUST 31, 2021

The right type of software also integrates supplier management and invoicing and allows transparency across the board. The benefits of automated procurement are many, including better transparency with your team, happier stakeholders, better collaboration, and improved relationships with your suppliers. .

Optimal Sourcing 52

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EC Sourcing Group

OCTOBER 12, 2021

Contract management. These features handle the creation, execution, and management of contracts. Supplier management. To hear more about procurement optimization solutions or request a software demo, contact EC Sourcing Group today at 973-936-9672 to speak with a team member.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Negotiating Skills Supply Chain Optimization 52

EC Sourcing Group

OCTOBER 19, 2021

Depending on the nature of the importance of strategic sourcing and the role it plays in your business, you may need more robust features, but these are the must-haves: Spend analysis . Contract management tools. Supplier management options. eRFx tools. Reverse auction capabilities. Automation and real-time capabilities.

Sourcing Strategies 52

Sourcing Strategies EC Sourcing Optimal Sourcing Supply Chain Software 52

EC Sourcing Group

APRIL 27, 2021

The one thing to keep in mind is that global suppliers may require a longer lead time for certain products, so you have to start your sourcing process earlier than in the past to ensure that the goods reach the consumer on time. We want to help you re-imagine procurement.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

EC Sourcing Group

JULY 7, 2020

If you are still wondering, “What is eSourcing in supply chain management? ” or have more questions about eSourcing or eAuction software or would like to request a demo , contact EC Sourcing Group today at 1-888-353-9737, option 1.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Supply Chain Software Procurement Analytics 52

EC Sourcing Group

OCTOBER 27, 2020

To learn more about supply chain and risk management software , or to request a demo, contact EC Sourcing Group today by calling us at 973-936-9672.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Risk Management 52

EC Sourcing Group

SEPTEMBER 28, 2021

As you’re looking for sourcing and procurement software, be sure to choose the one that best suits your company’s needs. To learn more about sourcing and procurement software or to request a demo, contact EC Sourcing Group today at 973-936-9672. We want to help you reimagine the way you think about procurement.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement EC Sourcing Supply Chain Software 52

EC Sourcing Group

OCTOBER 26, 2021

Logistics and shipping management. Good supply chain software will have a robust section on warehousing and shipping management. Order and supplier management. To hear more about using information technology in supply chain management or to receive a software demo, contact EC Sourcing Group at 973-936-9672 today.

Supply Chain Software 40

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 40

EC Sourcing Group

MAY 17, 2023

By classifying goods and services into logical groups, procurement professionals can streamline the eSourcing process, facilitating easier identification and comparison of suppliers, negotiating favorable contracts, and expediting the sourcing cycle.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

EC Sourcing Group

AUGUST 9, 2022

Risk management. With a centralized repository that holds all your contracts and past transactions, you can improve your vendor vetting process with supplier management and make more informed decisions as you evaluate risk. Improves supplier relationships through collaboration. Contract management.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Supply Chain Software 52

EC Sourcing Group

MAY 31, 2022

Contract management – This offers a centralized platform for easily managing your contracts. Spend management – Keep track of your spend with spend analysis tools included in your software. Supplier management – This allows for transparency and the ability to see the profiles of current and potential buyers.

Supply Chain Software 52

Supply Chain Software Software Sourcing Strategies Optimal Sourcing 52

EC Sourcing Group

JULY 5, 2022

Ability to integrate spend data to support source-to-pay cycle activities like supplier management, spend management, and savings project management. Supplier management. The next step is to group by supplier—for example, some vendors have parent companies. Ability to perform RFx (RFP.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

EC Sourcing Group

JULY 12, 2022

Suite solutions can also be considered the best platform of its type, but unlike best in breed, suite programs are source-to-pay, where all of your procurement capabilities and software are interconnected. from supplier management to spend analytics), giving you more agility when responding more quickly to any business needs.

Procurement Solutions 52

Procurement Solutions Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

EC Sourcing Group

NOVEMBER 8, 2022

Risk management. Supplier management . Depending on your particular needs for sourcing and procurement optimization , you may want additional features or innovative new technologies, such as FlexRFP. Policy compliance. Automation tools. Budget insights and control features. Approval workflows.

Optimal Sourcing 52

Optimal Sourcing Demand Planning Software Sourcing Strategies Supply Chain Software 52

EC Sourcing Group

AUGUST 23, 2022

The best eSourcing platform is intuitive, easy to use, and is an integral part of sourcing optimization and strategic supplier management. Read on to learn more about sourcing optimization and how to achieve it in five simple steps. Get the Best eSourcing Platform.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Modeling Modeling Software 52

EC Sourcing Group

MARCH 14, 2022

Read on to learn more about tail spend software and how it can help in your overall supplier management and procurement management. One of the first pieces to manage tail spend is identifying where it is. Tail Spend Software: Identifying Tail Spend. Tail spend automation software can help accomplish this.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Optimization Software Optimal Sourcing 52

EC Sourcing Group

SEPTEMBER 27, 2022

Strategic supplier management is invaluable when it comes to eSourcing and eAuctions, enabling you to create a catalog of suppliers and run various RFx exercises with them to assess and evaluate their suitability. eSourcing Platforms : Other Features to Consider.

Analytics Software 52

Analytics Software Procurement Solutions Supply Chain Software Procurement Analytics 52

EC Sourcing Group

AUGUST 11, 2020

Spend analysis allows you to understand your spending patterns in sourcing categories as well as monitor compliance with preferred suppliers or contracts. . Supplier Management. Different from onboarding, this allows you to keep a rating of suppliers as well as monitor performance for easy reference. .

Procurement Solutions 59

Procurement Solutions Sourcing Strategies Purchasing Skills Sourcing 59

EC Sourcing Group

AUGUST 16, 2022

eSourcing software can give you access to supplier management to avoid potentially unethical companies. . Falling for unethical business practices can affect sourcing and procurement. It’s also important to be cautious with international business dealings with companies in countries such as Indonesia.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

EC Sourcing Group

AUGUST 30, 2023

Achieving supplier transparency in procurement is often challenging, but it’s a crucial step toward ensuring that your supply chain operates ethically and sustainably. In a world where consumers and stakeholders increasingly demand responsible practices, supplier transparency has become paramount.

Supply Chain Design Software 52

Supply Chain Design Software Demand Planning Software Supply Chain Software Optimal Sourcing 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.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

EC Sourcing Group

NOVEMBER 15, 2022

How Supply Chain Management Can Mitigate the Effects of Inflation. Rising inflation can certainly disrupt the supply chain. However, those following best practices for supply chain managemen t can mitigate the effects of inflation and keep things under control.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Supply Chain Design Optimal Sourcing 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. 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.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

EC Sourcing Group

MAY 17, 2022

Global supply chain optimization requires solid supply chain management (SCM). So, what is supply chain management ? Global supply chain optimization is simply taking a closer look at and revamping your current supply chain to operate at its best.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Optimization Supply Chain Software 52

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. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. So, I thought why not pick his brains and demystify this space.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

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. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. So, I thought why not pick his brains and demystify this space.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

SEPTEMBER 15, 2020

Automation ( procurement automation software ) that sends POs to suppliers. Award Management . Contract Management. Supplier Management both on-boarding and performance management. Supplier Risk Management. Inventory maintenance. Data collection and analysis, also known as Spend Analysis.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Vendor Strategies 52

EC Sourcing Group

JULY 14, 2020

Cloud procurement and eSourcing software is a great benefit when it comes to getting serious with vendor management tasks. This process is often also referred to as strategic supplier management. . Procurement Management Responsibilities: Benefits of Vendor Management .

Procurement Solutions 52

Procurement Solutions Procurement Purchasing Skills Vendor Strategies 52

EC Sourcing Group

JULY 6, 2021

Read on to learn how optimizing sourcing decisions for your business is important, the strategic sourcing meaning , and what you should look for in strategic sourcing software. . Optimizing Sourcing Decisions : What Does Strategic Sourcing Mean? To define strategic sourcing goes a bit deeper.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Sourcing Price Mitigation Strategies 52

EC Sourcing Group

JUNE 22, 2021

However, it typically isn’t full supplier contract management software. To learn more about the best contract management systems or to request a contract management software demo , contact us today at EC Sourcing Group at 973-936-9672. We want to help change the way you think about procurement.

System 52

System EC Sourcing Procurement Comparison 52

EC Sourcing Group

NOVEMBER 1, 2023

Data Normalization and Supplier Entries Inconsistent data entry for suppliers, including variations in naming conventions, can lead to data quality issues and hinder supplier management. This eliminates duplicate entries and streamlines supplier management.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Software 52

EC Sourcing Group

SEPTEMBER 13, 2022

Features within your software should include robust features when it comes to contract and supplier management. This centralized system not only gives you quick access to information but also fosters better collaboration between you, your team, and your suppliers. Supplier management tools. Contract management.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Analytics Software Predictive Analytics Software 52

EC Sourcing Group

JULY 29, 2019

Spend management across all categories including tail spend. Automate supplier management – onboarding and updating. Central repository and management tool for all contracts. Optimize award scenarios in real time. Mange scoring inside tool. Automate every manual process. Insightful spend analytics?.

Optimal Sourcing 45

Optimal Sourcing Procurement Analytics Software Optimization Software 45

EC Sourcing Group

MAY 31, 2023

The Strategic Spend Terminal streamlines procurement processes, enhances supplier management , and empowers users to identify cost-saving opportunities by analyzing PPV trends and patterns. Managing purchase price variance is essential for controlling costs and achieving optimal financial outcomes.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Solutions 52

EC Sourcing Group

FEBRUARY 5, 2019

The majority of purchasing managers that contact me operate in chaos mode and want a roadmap out. Driving efficiency in sourcing and supplier management are common goals in purchasing and procurement. If it feels like your team continually finishes at the deadline or after, this is not an exclusive club.

Procurement Analytics 40

Procurement Analytics Purchasing Skills Procurement Solutions Optimal Sourcing 40

EC Sourcing Group

OCTOBER 10, 2019

What challenges will you face to improve supplier performance? Suppliers that have been in place for a long time – more than 5 or 10 years present one set of issues. Single source suppliers present another layer of obstacles to consider if their performance starts to slip or their pricing is putting a big squeeze on your profits.

Price Reduction 40

Price Reduction Cost Reduction Strategies Resource Reduction Optimal Sourcing 40

EC Sourcing Group

NOVEMBER 27, 2018

Imagine that you have been given the task of evaluating supplier performance in a key spend category. Let’s assume that there are two incumbents that have been in place for just over ten years. The product provided is used by every location in the company. There are tangible and intangible obstacles you will face.

Purchasing Skills 40

Purchasing Skills Optimal Sourcing Just-in-Time Cost Reduction Strategies 40