EC Insights – Insight Procurement Solution
Gain a competitive advantage with greater visibility into the organization and your team’s activities.
In today’s world, users want to see all of their team’s activities quickly and easily. Our intelligence solution allows you to promptly see high-level information on all EC Sourcing solutions in configurable charts and graphs.
The right type of procurement sourcing software helps you see all of the information you need all in one place, instead of juggling several different apps and programs and then trying to mentally process information that could neatly be presented right in front of you on a procurement dashboard.
Procurement management is not one process but a multitude of methods. You may need to look at multi-step functions at any given moment. Also, you need procurement visibility and need to be able to see multiple contracts and manage them in one spot.
Management can include expiring contracts, upcoming sourcing due dates, process flow tickets that are falling behind, and many other functions across different layers of procurement sourcing and contracts.
You need eSourcing tools that are highly intelligent and that can improve all aspects of sourcing for you, whether it’s planning an online event, handling RFP management, performing contract administration tasks, or streamlining procurement intake requests . Your procurement management and sourcing software solutions should be able to streamline the procurement process and promote efficiency, which ultimately—leads to happy customers.
So, what should procurement sourcing software and solutions be able to do? Beyond providing sourcing visibility and leadership visibility, you want to look for procurement sourcing solutions and software that allow you to:
- Make RFQs, RFIs, and RFPs easier to handle and manage
- Have approvals and budget functions
- Includes IT security and legal in the workflow, if needed
- Have strong customizability features for your personal needs
- Have supplier management protocol functionality
- Have RFx development and configurable vendor management features
- Have workflows and approvals easily setup and managed
- Have dashboard visibility that’s easy to configure and view
- Provide analytics so you can evaluate your results and automatically share results with suppliers and stakeholders
- Have bidding and auction capabilities
As procurement sourcing and the procurement process itself can be a complicated undertaking, it can be a headache to complicate the process more by using software that is difficult to use or set up, or by still using old methods, such as paper and filing. It can be ridiculously tough to keep track of multiple vendors, suppliers, and needs when everything is on paper, or when your procurement sourcing data are strewn across multiple applications or Excel spreadsheets. By using easy-to-use and easy-to-setup solutions, you can streamline your procurement management process and make the start-to-finish a little less stressful.
If you’re interested in our software and procurement sourcing solution, see the screen prints below to see a few of the available options.
If you would like to schedule a procurement sourcing software demo, or a demo of one of our other types of software, please contact us at (973) 936-9672, option 1. We’d love to hear from you!
We selected EC Sourcing to facilitate our purchased services and capital equipment bidding processes. Since implementation over 4 years ago,we’ve had great success using the solution to generate savings and leverage the automated web-based platform to increase visibility and cross functional team participation, improve bid process cycle time and overall organization to provide a more formal straightforward bidding process. We have found the solution to be easy for all parties with high vendor participation. We have used the solution to negotiate small buys and extremely large capital purchases with success on all levels. Lastly, EC Sourcing Group has provided a high level of support both on technical matters and strategic sourcing strategy.
Your software is great! I have been involved in many of these (e-Sourcing negotiations) and in fact just finished one last week for Schering Plough. Your software is much less complicated and more user-friendly than any of the other ones I have used.
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Schedule a demo to see how we can help streamline and automate your sourcing process, increase spend under management and deliver measurable savings.