3 Reasons To Tune Up Your eProcurement Strategy

3 Reasons To Tune Up Your eProcurement Strategy

Do you ever get the feeling that even though your eprocurement strategy is doing just fine, your organization has adopted usage and you’re saving bundles of cash; that if you made a few small tweaks you could really perform to your e-sourcing tools highest potential?

Let’s take a look at what could potentially be getting in your team’s way.

Resource limitations- This can actually be a great problem to have, an awesome team running strategic sourcing events but they just cant get to every possible category. Many companies have problems finding category managers to get on board with the e-sourcing process & have issues identifying potential categories. Think you’ve already reached every possible category? There are plenty of lists online to review to validate your thoughts. Your eprocurement strategy can benefit from these new resources.

E-Sourcing Expertise– Your team is probably full of talented professionals and experienced category managers but do you have any e-sourcing experts within your organizations? An E-sourcing Expert is defined as a professional that specializes in identifying suitable e-sourcing categories, creating effective e-sourcing strategies, identifying potential qualified vendors & building and managing e-sourcing projects from start to finish all while your spend owner is calling the shots. Having an expert on your team will free up many of your other resources allowing you to optimize your teams skills to refocus them on more value-add activities & projects.

Rigid Technology– It’s very possible that your team has come to roadblocks or stop works due to limitations of the technology itself. Many e-auction tools are just not equipped to handle the complex categories that many businesses deal with on a daily basis. A Full Service E-Sourcing Solution can be your answer. With these tools all you have to provide is the basic category information and your partner & the e-sourcing solution handles the rest. During the whole process you’ll have complete transparency and control while an experienced staff will aid in solving your problems.

Overall e-sourcing is something that you shouldn’t take lightly and the fact that many companies are not tuning up their eprocurement. Staying stagnant in the eprocurement process will now help you out in the long run. Staying up to date on new trends, new features and of course new ways of conducting business globally is what will take your company to the next level. Feel free to check our ProRFx and all of the e-sourcing tools that we have readily available for this to become a reality!