Sourcing in procurement refers to finding goods or services, finding potential suppliers, and then selecting. The general steps of sourcing don’t change using eSourcing and award optimization—it’s just that the process is streamlined because you’re now digitally sourcing and collaborating with suppliers. eSourcing can often be confused with eProcurement. However, these are two different things. […]
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.
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 Matters list of top technology solution providers within Procurement, Sourcing, and Supply Chain. The […]
Demystifying Transportation Sourcing 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural If you are like me, transportation sourcing is a mind boggling and complex field. My colleague Dave Uncapher used to do some magic and deliver savings (and sometimes he did not!). So, I thought why not pick his brains and demystify this […]
EC Sourcing Group ranks as a ‘Value’ & ‘Customer’ Leader in Latest eSourcing Benchmarking Study Spend Matters’ newly released Fall 2021 SolutionMap report names EC Sourcing Group a Customer & Value Leader across multiple organization types MORRISTOWN, NEW JERSEY, UNITED STATES, November 3, 2021 /EINPresswire.com/ — For the fifth consecutive year, EC Sourcing Group […]
Finding the right procurement optimization solution 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. In addition, having the right strategic sourcing tools and techniques at […]
Category management in procurement is an integral part of the procurement strategy in which procurement managers take specific products or services and divide them into certain categories. This technique is often used in the retail world and can be a tough term to define, as it can mean different things to different industries. Retail was […]
Optimizing Sourcing Decisions for Your Business Whether you’re an SME or a larger enterprise, optimizing sourcing decisions is likely something that is quickly becoming a priority if it’s not on top of the to-do list already. Procurement optimization helps keep things moving, keeps your team on the same page, and saves your company time and […]
EC Sourcing Group – A Practitioner’s Perspective by Kumar Kannen at Procural: I am going to dig into the fast-evolving world of sourcing technology from a practitioner’s perspective as part of an on-going series. Most reviews that I have seen are too high level and don’t provide enough detail to decide on whether a software […]
Strategic sourcing and procurement are two words that should always be spoken together, as sourcing is perhaps the most important aspect of procurement. Procurement optimization has become vitally important in recent years, as software has given us the ability to speed up the procurement process overall, particularly strategic sourcing and the award selection process. However, […]