esourcing

Top 4 Reasons Your Organization is not Adopting eSourcing and How You Can Overcome Them

Reasons your organization is no adopting eSourcing

For any business that has used an eSourcing platform, the benefits are evident. Using tailored technology to streamline its procurement needs can provide an organization with significant cost savings, faster cycle times, more transparency, and better control over its sourcing requirements. Despite demonstrable success and a strong ROI story, eSourcing adoption remains low. As Jeff …

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3 Ways eSourcing Can Boost Supplier Relationships

eSourcing can boost relationships with suppliers

When it comes to procurement, technology can make a significant impact. Take eSourcing platforms for example. Whether it improves efficiency or reduces costs, there’s no denying that automating processes can provide significant operational value. With minimal effort, you’re able to communicate your objectives clearly, minimize tedious back and forth coordination between individual suppliers, and substantially …

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5 Benefits of eSourcing for Both Purchasers and Suppliers

eSourcing benefits buyers and suppliers

The benefits of eSourcing may be clear for buyers, but streamlining the procurement process tends to be met warily by vendors. The apprehension stems from the impression that any level of process automation commoditizes their products and services, and that eSourcing platforms are largely one-sided in favor of the purchaser. The fact is, however, that …

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Deconstructing 4 of the Top eSourcing Myths

For a lot of businesses, a well-considered and thoughtfully-implemented eSourcing strategy could offer numerous benefits. Increasing sourcing efficiency, bringing down overhead costs, and improving supplier relationships are just some concrete examples. Given that, it’s almost surprising that businesses are all too willing to overlook these advantages due to certain eSourcing myths. (Thanks, Charles Le Brun …

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Is eSourcing Right For My Business?

Laptops, where RFPs happen

eSourcing consists of using software to manage and collect suppliers across a variety of projects. But what does that mean for you and your department? The Difference Between Sourcing and Procurement Procurement is the sourcing, purchasing, negotiating and acquisition process but also includes risk management and sustainability. Sourcing is the component of the procurement process that deals …

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Top 3 Benefits of Implementing RFP Management Software

RFPs can be stressful

The request for proposal (RFP) process enables buyers to compare features, functionality, and price across potential vendors. It is a crucial component of the procurement process. Accordingly, developing an effective RFP process creates alignment and streamlines the procurement process for buyers and vendors alike. However, despite innovation seemingly permeating all facets of commerce, the corporate purchasing …

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