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EC Optimize

MORE VALUABLE RFx OUTCOMES

Rapidly create unlimited award scenarios that balance operational needs & savings

EC eSourcing Solution
Finding the optimal award is a mix of matching the right number of suppliers at the right price within your operational realities and organizational constraints. You may prefer to retain incumbents, utilize Tier 1 or diverse suppliers, or to incorporate dimensions like risk. The world does not stop for any single event or any individual person, and neither should your sourcing team. What if analysis and modeling required for award optimization could be easier and faster?
What if key decision-makers from procurement, finance, product development, and operations could run 15-25 scenarios remotely together in a Zoom in less than an hour to find the one scenario most optimal for all parties?
Scenario optimization is centered on driving the results and ultimate value that matters most to the organization. It allows you to maximize profit, efficiency, supplier risk management, and ultimately ROI delivered. Learn more below about how EC Optimize might help your organization.

Optimize solutions for & by practitioners like you

Capabilities Snapshot:

  • Unlimited scenario dimensions can be ingested from virtually any data sources
  • Turn-key integration available to EC eSourcing or other solutions
  • Advanced Optimizer technology completes hours of analysis in sub seconds
  • Highly compatible with complex direct and freight-related categories
  • Analyze supplier outcomes per plant, region, business unit, etc.
  • Include diversity, sustainability, or corporate social responsibility dimensions
  • Isolation of all cost components available to evaluate total cost of ownership
  • Incorporate market conditions and non-price factors in analysis
  • Evaluate contractual dimensions and SLAs across scenarios
EC eSourcing Overview Video

Our teams have experience in the RFP trenches and partner with sourcing leaders to accelerate the impact of digital & procurement transformation initiatives – all while improving results and supplier performance

Meet Our Team
Client Results

Improving sourcing results, supplier engagement, and procurement ROI with client-driven enhancements

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Excel-friendly upload/download the majority of project content
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Numerous types and unlimited template possibilities for rapid and efficient re-use
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Supplier input controls – receive desired content in preferred formats
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Open API allows for turn-key integration with all other data systems
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Automated reminders to ensure suppliers stay on track
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Rich specification management – upload thousands in just a single zip file
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Optional gating for confidentiality & managing Ts and Cs up front
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Artificial Intelligence (AI) & Machine Learning (Text Analysis & Navigation)

Solutions that help procurement & sourcing teams…

Expansion
Expand value rapidly to new departments and categories
Shorten Time
Shorten traditional RFx & sourcing cycle times by 40-60%
Savings
Drive average annual savings improvements of 15-30%
Insights
Generate actionable insights & transfer more knowledge
Increase
Increase influence & spend under management by 20-40%
Process
Align more effectively & securely across data systems & stakeholders

Discover how leading procurement organizations leverage our solutions and team as an extension of their own to optimize value & results

Case Studies

EC Optimize is our scenario and award analysis module that helps procurement leaders and their teams to consistently evaluate business, operational criteria, and performance-related criteria along with price dimensions.

EC Optimize is continually enhanced to align with industry best practices in terms of data security, regulatory compliance, and SaaS-specific deployments for Global Supply Chain, Sourcing, Procurement, Purchasing, and Finance professionals across virtually all industry segments.

RECENT BENCHMARKS FOR OPTIMIZATION TOOLS
EC eSourcing Charts

Experience dynamic technology that helps put an end to…

Impossible–to–find project data you’ve used previously
Internal audits that are painful because of lack of documentation
High costs due to data integrity & integration challenges
Stakeholder & supplier frustration with the tools or process
EC eSourcing Statistics

Use EC Optimize When Managing Complex Categories like Freight:

It’s time-consuming to evaluate bids from suppliers when there are thousands of items, many buying locations, multiple DCs, and hundreds of lanes. When you add constraints such as capacity it can be a complex project. EC Optimize leverages AI and leading technology to uncover the best outcomes.

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SUPPLIER ONBOARDING AND MANAGEMENT

Save Time, Lower Risk, and Improve Your Supplier Experience with EC Supplier

Does your organization have supplier requirements that are unique for your industry, location, or business model? The growing number of suppliers, outsourced functions, and volume of disparate data most organizations are facing can compromise success in terms of production, efficiency, and potential risk.

Effective supplier information management (SIM) and supplier relationship management(SRM) is no longer optional or an organizational luxury. It is a necessity.

USED TO MANAGE MILLIONS OF SUPPLIERS ACROSS MORE THAN 200 COUNTRIES

EC Sourcing Group’s configurable solution set is leveraged to support supplier onboarding, relationship management, document management, and compliance across industries like financial services, manufacturing, industrial, retail, food, healthcare, technology, education, and the public sector.

SAVE OVER 2,000 HRS PER COMPANY PER YEAR

EC Supplier is flexible to allow you to collect the data you need in the manner that is best for your organization. Our solutions have served as a successful complement to existing digital transformation efforts or even as initial pilot projects to expand the business case for digital change to new areas.

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MOST RECENT BENCHMARKING REPORT

EC Sourcing Group ranks as a ‘Value’ & ‘Customer’ Leader in Latest eSourcing Benchmarking Study

eSourcing Results & Methodology Review
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The Trusted Advisor

E-Book Series: Procurement Stakeholder Alignment
Digital-related transformation projects have marched up the priority list with a marked increase in departments looking to leverage advancements in technology to accelerate value.
DOWNLOAD TO LEARN MORE

EXPLORE OUR OTHER PROCUREMENT & SOURCING SOLUTIONS…

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