What Is eSourcing Software? eSourcing is a digital way to source suppliers. Using a web-based system, buyers can use an eSourcing platform to collect, compare, and ultimately select suppliers. eSourcing is a small yet vital part of procurement, which affects the overall supply chain in a positive way if it’s carried out correctly. Having the […]
Why Is Tail Spend Management Important but Often Overlooked? Spend management refers to the process of managing company purchasing and relationships with suppliers to keep track of every dollar spent, resulting in procurement cost reduction. Spend analysis is broken down into categories (category management), and tail spend often is not included. Tail spend in procurement […]
7 Essential eSourcing Software Tools for 2022 eSourcing is such an essential part of procurement. When eSourcing is optimized, it can positively affect procurement and the overall supply chain. So, what is eSource? eSourcing is sourcing done digitally—tools that aim to simplify, streamline, and improve procurement and strategic sourcing overall. The eSourcing software you use […]
eSourcing Software: How to Get the Most from Your Solutions If you’re wondering, “what is eSourcing?” generally speaking, eSourcing is a collection of web-based, interactive software that both improves strategic sourcing by strengthening relationships with suppliers and also helps simplify and streamline the procurement process overall. eSourcing is a dependable way to use software to […]
A Municipalities Guide to eSourcing eSourcing refers to a buyer’s ability to collect different bids from suppliers using an online sourcing solution. Sourcing electronically instead of leaving a paper trail saves time, money, and is a much more efficient way to procure goods and services. eSourcing software is a must for local governments and municipalities […]
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.
5 Things to Look for in eSourcing Software Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. When this is performed electronically through the internet, it is known as eSourcing or electronic sourcing. eSourcing software helps guide you through the process of Sourcing by offering certain features and […]
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 […]
Procurement: What Is the Best Professional eSourcing Service? eSourcing in procurement falls under the umbrella of the procurement process, just as procurement fits within the supply chain. eSourcing stands for electronic sourcing, so it is the process of inviting suppliers to an RFx, collecting information about the suppliers, holding eAuctions for the procurement of goods […]
EC Sourcing Group “Top Provider to Know” in Latest Procurement & Supply Chain Rankings Spend Matters Names EC Sourcing Group a Best-in-Class Provider in New Top 50 List MORRISTOWN, NEW JERSEY, UNITED STATES, October 12, 2021 /EINPresswire.com/ — EC Sourcing Group has been named a “Top 50 Provider to Know” in the recently published Spend […]