Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Think about it this way: Would you rather spend time focusing on the core aspects of your business or spend valuable time and money trying to […]
Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities. Analytic techniques include data mining, eSourcing software, semantic analysis, complex event processing, predictive modeling, […]
How Can Sourcing Be Improved? Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. eSourcing (sourcing digitally) is a clear choice to improve sourcing, and eSourcing software with features such as a […]
What is Optimized Sourcing? eSourcing is an essential piece of how to optimize the procurement process, as the process deals with finding, selecting, collaborating, and evaluating current and potential suppliers. Sourcing optimization refers to sourcing and awarding with more precision, using software, mathematical models, and analytics to determine the best award mix for your operational […]
eSourcing Optimization: 4 Things You Need to Know Sourcing in procurement refers to finding goods or services, finding potential suppliers, and then selecting. The general steps of sourcing don’t change using eSourcing and award optimization—it’s just that the process is streamlined because you’re now digitally sourcing and collaborating with suppliers. eSourcing can often be confused […]
SAN FRANCISCO, CA – January 2022 – Simfoni, the world’s most accessible digital procurement vendor, today announced that it has completed its acquisition of EC Sourcing Group, an established leader in eSourcing and decision award optimization. The combination of Simfoni’s market-leading Spend Intelligence module and EC Sourcing Group’s market-leading eSourcing platform will deliver enterprise customers a unique package that enables seamless data integration in turn powering insights across the strategic sourcing lifecyle.
EC Sourcing Group “Top Provider to Know” in Latest Procurement & Supply Chain Rankings Spend Matters Names EC Sourcing Group a Best-in-Class Provider in New Top 50 List MORRISTOWN, NEW JERSEY, UNITED STATES, October 12, 2021 /EINPresswire.com/ — EC Sourcing Group has been named a “Top 50 Provider to Know” in the recently published Spend […]
Demystifying Transportation Sourcing 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural If you are like me, transportation sourcing is a mind boggling and complex field. My colleague Dave Uncapher used to do some magic and deliver savings (and sometimes he did not!). So, I thought why not pick his brains and demystify this […]
EC Sourcing Group ranks as a ‘Value’ & ‘Customer’ Leader in Latest eSourcing Benchmarking Study Spend Matters’ newly released Fall 2021 SolutionMap report names EC Sourcing Group a Customer & Value Leader across multiple organization types MORRISTOWN, NEW JERSEY, UNITED STATES, November 3, 2021 /EINPresswire.com/ — For the fifth consecutive year, EC Sourcing Group […]
What to Look for in a Procurement Optimization Solution Finding the right procurement optimization solution is imperative to keep your entire procurement management process running smoothly throughout the supply chain. Much of your optimization will be accomplished through the strategic sourcing process, one of the best ways to keep things optimized and seamless. In addition, […]