How to Gauge the ROI of eTendering The eTendering process is an integral part of procurement and the overall supply chain. So, what is eTendering and its process? eTendering, also known as eSourcing, is simply the act of conducting procurement online—namely, receiving and sending tenders using an online platform, like tender process software. No software […]
Your Guide to Reverse Auctions in 2022 A reverse auction can be a very important tool, and if performed correctly, can affect the supply chain in a positive way. So, what is a reverse auction? A reverse auction is just what it sounds like; it is the opposite of a regular auction. Instead of a […]
SAN FRANCISCO, CA – January 2022 – Simfoni, the world’s most accessible digital procurement vendor, today announced that it has completed its acquisition of EC Sourcing Group, an established leader in eSourcing and decision award optimization. The combination of Simfoni’s market-leading Spend Intelligence module and EC Sourcing Group’s market-leading eSourcing platform will deliver enterprise customers a unique package that enables seamless data integration in turn powering insights across the strategic sourcing lifecyle.
What Is Vendor Sourcing? 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. There would be phone calls, faxing, and filing, but today, eSourcing software has streamlined that process to make procuring auction vendors much […]
What is eTendering and Its Process? eTendering has become a must in today’s global economy, particularly in the supply chain and procurement. You may find that if you’re talking about global markets that eTendering is the more common term, but if you’re talking about tendering just within the United States, eRFX is the more commonly […]
Gerald “Jerry” Smith Retires After More than 19 Years of Service to EC Sourcing Jerry Smith Retires After Extensive Career with EC Sourcing Group & AT&T July 15, 2021 / EC Sourcing Group / Morristown, NJ: For Immediate Release: On behalf of the EC Sourcing Group Family & Team, we are excited to congratulate Gerald […]
How to Optimize and How to Do eTendering If you’re in procurement, you may have heard the term ‘eTendering’ and might be wondering how to do eTendering, considering it’s been quite a buzzword. There are many benefits of eTendering, and that has a lot to do with its popularity. Essentially, it’s put in place to […]
The Top 5 Benefits of eTendering The term eTendering can be a confusing concept if the term isn’t fully explained to a buyer who’s just in the process of taking their procurement processes online. Generally speaking, eTendering refers to those processes, as it is an electronic (digital) way for the buyer to advertise their needs, […]
The Best RFP Management Software in a Pandemic Finding the best RFP management software can be challenging enough, but finding the right RFP management tools in a pandemic can be even more challenging. This uneasy feeling emanated throughout 2020 that perhaps COVID-19 would be eradicated if we “flattened the curve.” It appears as if the […]
Objectives of Procurement Management The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” Procurement and purchasing is one stop on the supply chain, but everyone suffers if there’s a break in the chain. Every link […]