Making eSourcing Strategies Work For You Let’s look at some ideas on how to measure and generate return on investment (ROI) on any esourcing strategies. While calculating ROI seems like easy math, quantifying the returns generated by an outsourcing deal is challenging. All procurement outsourcing esourcing strategies to a third party company have two sources of return – cutting costs […]
6 Psychology Items To Use For Your RFx Strategies Various techniques may be employed to improve your RFx strategies: Making procurement specific career opportunities available in your company In-house organization of RFx strategies Working more closely with your e-sourcing company A basic understanding of the human mind can also advance your e-sourcing program. Read below to learn how. Empathy – The willingness to […]
How An eProcurement Team Can Demonstrate ROI As 2015 begins, many organizations are examining how well they achieved their 2014 goals, preparing the best ways to communicate that success in terms of measurable results for the company, and setting goals for the new year. According to a survey conducted in April of 2014, the top two priorities for an eprocurement […]
RFx Tip: Increase Supplier Communication with eSourcing tools Just like in any long-term relationship, communication is the key when it comes to positive and productive supplier relationships. Get it right, and suppliers become an extension of your business. Get it wrong, and poor communication can have the opposite effect, impacting business performance in a negative way. Supplier communication has become […]