EC Sourcing Group

DECEMBER 13, 2021

Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process. Supplier management.

Purchasing Skills

EC Sourcing Group

MAY 31, 2022

However, not everyone is using eSourcing software — a cost-effective, efficient way to source. Yes, you could source using manual processes, spreadsheets or the old back-and-forth method, but you wouldn’t be doing your company any favors. eSourcing Software: So How Does This Work? Transparency.

Supply Chain Software

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? ” and how to manage your process better while running a digital eSourcing system. Managing Risk.

Manufacturing Procurement

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

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. The importance of quality in supply chain management is undeniable. The truth is that global sourcing benefits outweigh the risks for many spend categories, and it’s advantageous to think about the big picture of your sourcing steps.

Manufacturing Procurement

EC Sourcing Group

AUGUST 3, 2021

Building up this type of relationship takes time, and it’s important to understand the difference between an approved supplier, a preferred supplier, and a strategic supplier, so you can mitigate risk and build stronger relationships with your strategic suppliers. Supply chain resilience.

Sourcing Strategies

EC Sourcing Group

OCTOBER 19, 2021

Read on to learn more about reverse auctions, the importance of strategic sourcing , the difference between tactical buying vs. strategic sourcing , and what to look for in strategic sourcing software. The Importance of Strategic Sourcing : Why Are People Scared to Use Reverse Auctions? eRFx tools.

Sourcing Strategies

EC Sourcing Group

MARCH 14, 2022

Is Software Required to Manage Tail Spend. Managing tail spend in procurement and the entire supply chain process is vital; poor tail spend management can lead to considerable loss. Tail Spend Software: Identifying Tail Spend. One of the first pieces to manage tail spend is identifying where it is.

Procurement Solutions

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. . Top Sourcing and Procurement Techniques: Automated Procurement .

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. With software, you have options.

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. . But, what makes the best sourcing software for your strategic sourcing solutions ? .

Optimal Sourcing

EC Sourcing Group

NOVEMBER 8, 2022

In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Before dedicated eSourcing and eProcurement software, companies struggled to meet modern business needs with manual processes, paper trails, and endless spreadsheets.

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

JULY 5, 2022

is vital to procurement and the supply chain. We’ll also cover why choosing the right spend analysis software is critical to success. What Is Spend Analysis : Choosing the Right Software. An important piece of modern-day spend analysis in procuremen t is choosing the right software. Some include: Licensed software.

Analysis

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

SEPTEMBER 27, 2022

Not long ago, sourcing was still an “analog” process, with a lot of back-and-forth communication via phone calls, emails, and meetings in person. Technology has finally caught up with sourcing and procurement—evolving processes by leaps and bounds in a relatively short amount of time. eSourcing Platforms : The Must-have Tools.

Analytics Software

EC Sourcing Group

JULY 12, 2022

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. It’s important to understand your options when selecting procurement software to help you reach your goals. Dig Into the Software.

Procurement Solutions

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. In this blog post, we’ll explore the significance of spend classification in eSourcing and its vital connection to eSourcing technology platforms.

Optimal Sourcing

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. The best eSourcing tools and platforms will greatly enhance your award optimization.

Optimal Sourcing

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

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

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. Given these constraints, here are some considerations for managing 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. Given these constraints, here are some considerations for managing spend.

Optimal Sourcing

EC Sourcing Group

AUGUST 16, 2022

A perceived lack of ethics may affect your reputation and the entire procurement process and supply chain. . Every company wants to save money, but the right sourcing software can help you manage spend and save money the right way. Falling for unethical business practices can affect sourcing and procurement.

Sourcing