Top Practices To Use For Market Research As sourcing experts, we are always leading statistical surveying to support our customers’ needs. On the off chance that we are appointed a project in a spend category we are new to, we must research the category so we have the market intelligence to make educated recommendations. When a project is in progress, we examine suppliers in the industry that […]
Can eSourcing Help With Your eProcurement Team? The responsibility of a eprocurement team is often organization-wide purchasing with the business reliant on them to source the right goods and services at the best price. There are significant merits in selecting personnel to source exactly what they need, when they need it. The use of esourcing software is becoming more popular […]
What To Learn From Apple’s eSourcing Mishap As both eprocurement experts and suppliers know, esourcing a product involves more than just physical acquisition. Considering the array of product recalls that frequently happen, it’s clear that verifying products meet certain standards can be challenging if the right monitoring systems aren’t put in place. Defects are not always tangible: more and more, […]
How Can eProcurement Change On It’s Own? As eprocurement professionals, we’ve come to take some ideas for granted. Savings is still our primary performance metric. However, savings can no longer be the only thing we worry about. We need to become more strategic by increasing our ability to create shareholder value. In a March 10 Supply Management article addressing allegations of bullying […]
What McDonald’s Can Teach Us About eSourcing Supply chain disruptions aren’t just annoying; they can significantly impact a business’ financial performance. And in some cases, they can even force powerful organizational change. Take McDonald’s, for example. Following a port slowdown and a supplier closure that raised food safety concerns worldwide and created supply shortages that directly impacted sales, the fast […]
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 […]
Scandals Proves Why eSourcing Is A Necessity eSourcing is slowly becoming a more mainstream must have in all business industries as 2015 begins to take shape. After these recent identity thefts as well, it’s becoming more of a necessity to not have all of your information in excel files any more. The best and most safest way right now to […]
E-Sourcing Gains in Popularity as a RFx Tool Among the multiple systems companies throughout the world use to procure products, e-sourcing showed the largest gains as an area where companies are making technology investments for a new RFx tool. Companies worldwide are increasing their use of Internet-based technology systems to find the best suppliers, products and prices, according to a […]
Three Keys To A Better eSourcing Process The eprocurement function’s relationships with its suppliers are typically the foundation of how the esourcing process and supplier management programs perform. Utilizing the seven keys in this report can serve as a catalyst to a series of processes that have a risk of becoming stagnant and repetitive over time. 1. KNOW YOUR SPEND […]