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. It was slow-moving, achieving the result (product or service) took a much longer time, and dealing with suppliers was a much different story. IT in the supply chain can wear several different hats.

Supply Chain Software

EC Sourcing Group

DECEMBER 13, 2021

The words sourcing and procurement are often used interchangeably. Sourcing is a part of procurement, just like procurement is part of the overall supply chain. Procuring auction vendors and sourcing has a vendor vetting process followed by a concentration on contract management. Supplier management.

Purchasing Skills

EC Sourcing Group

JANUARY 4, 2022

Naturally, this slows down the process of the entire supply chain. Supplier management tasks and notices. Contract Management alerts and tasks. Category management. Before the Internet, procurement was a tedious process. It consisted of phone calls, face-to-face meetings, and endless paper trails and filing.

Optimal Sourcing

EC Sourcing Group

JANUARY 4, 2022

Naturally, this slows down the process of the entire supply chain. Supplier management tasks and notices. Contract Management alerts and tasks. Category management. Before the Internet, procurement was a tedious process. It consisted of phone calls, face-to-face meetings, and endless paper trails and filing.

Optimal Sourcing

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.

Optimal Sourcing

EC Sourcing Group

AUGUST 31, 2021

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. . We want you to re-imagine the way you think about procurement.

Optimal Sourcing

EC Sourcing Group

OCTOBER 19, 2021

Reverse auctions are a good way to work more collaboratively with your suppliers and could even help them understand when their competition is doing something more efficiently than they are. Reverse auctions will weaken the supply chain because it can cause tension with the suppliers. Contract management tools.

Sourcing Strategies

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.

Optimal Sourcing

EC Sourcing Group

MAY 17, 2022

Global supply chain optimization is simply taking a closer look at and revamping your current supply chain to operate at its best. Your supply chain is the backbone of your business, no matter what role you play in purchasing and procurement. So, what is supply chain management ?

Optimal Sourcing

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

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. percent increase in inflation rates.

Supply Chain Design Software

EC Sourcing Group

MAY 17, 2023

Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management. Effective Supplier Management: Accurate spend classification is pivotal in managing suppliers efficiently.

Optimal Sourcing

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. . Risk management. Improves supplier relationships through collaboration.

Optimal Sourcing

EC Sourcing Group

MAY 31, 2022

e-Sourcing is an important piece of the overall procurement management puzzle and plays a vital role in the supply chain. Contract management – This offers a centralized platform for easily managing your contracts. More features will improve your procurement process within the supply chain.

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. Understanding the supply chain and potential issues that may arise in the future is worth the additional cost.

Optimal Sourcing

EC Sourcing Group

JULY 5, 2022

is vital to procurement and the supply chain. Ability to integrate spend data to support source-to-pay cycle activities like supplier management, spend management, and savings project management. Supplier management. What Is Spend Analysis : Choosing the Right Software. Categorize.

Analysis

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

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. Perform a Cost Spend Analysis.

Optimal Sourcing

EC Sourcing Group

MARCH 14, 2022

Managing tail spend in procurement and the entire supply chain process is vital; poor tail spend management can lead to considerable loss. It’s estimated that just 80 percent of suppliers represent just 20 percent of an organization’s spend —so where does the other 20 percent go?

Procurement Solutions

EC Sourcing Group

SEPTEMBER 27, 2022

Now, eSourcing platforms work to improve on your strategic sourcing by simplifying it and making it more efficient. Ensuring you have the best eSourcing tools with features that fit your needs can streamline your sourcing process, positively affecting your procurement processes and supply chain.

Analytics Software

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

EC Sourcing Group

AUGUST 16, 2022

A perceived lack of ethics may affect your reputation and the entire procurement process and supply chain. . eSourcing software can give you access to supplier management to avoid potentially unethical companies. . Falling for unethical business practices can affect sourcing and procurement.

Sourcing

EC Sourcing Group

DECEMBER 1, 2021

Applying sound sourcing principles will enable you to unlock value. Additionally, you can ensure that your supply chain is smoother and more predictable – less production downtime, less stock outs, and better promise to delivery for your customers. Think strategically about transportation spend.

Optimal Sourcing

EC Sourcing Group

SEPTEMBER 2, 2021

Applying sound sourcing principles will enable you to unlock value. Additionally, you can ensure that your supply chain is smoother and more predictable – less production downtime, less stock outs, and better promise to delivery for your customers. Think strategically about transportation spend.

Optimal Sourcing

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