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Finding the Right Business Process Management Solutions

EC Sourcing Group

It is a way to perform all the functions of procurement and purchasing, but in a digital, electronic format, using software to automate and streamline the process. What if you could streamline everything from purchase orders to invoicing by moving everything over to an online format. . E-procurement also leads to standardized buying.

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How to Streamline Your Procurement Process from Weeks to Hours

EC Sourcing Group

Businesses didn’t have to rely on excel, emails, conversations, and word documents as much as they did in the past. However, the sourcing and procurement process flow constantly changes, and its needs do as well. . Purchase requisition. In addition, having software in many cases provides digital proof when something goes awry.

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What Is eSourcing in Supply Chain Management?

EC Sourcing Group

If you work in procurement or the purchasing department, you’re already aware of how it works. pre-purchase questionnaire. Purchasing managers often find that the biggest risks lie in contracts and contract management. . Gone are the days of trying to figure out complicated calculations on Excel spreadsheets. evaluation.

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What Are the Goals of Procurement Management?

EC Sourcing Group

For instance, every purchasing department wants to lower costs and be more productive, so these are concrete goals. . Every purchasing department is going to have specific goals of procurement management for their company. . However, there are many goals and milestones along the way that need to be met to make this happen efficiently.

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Objectives of Procurement Management

EC Sourcing Group

The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” Procurement and purchasing is one stop on the supply chain , but everyone suffers if there’s a break in the chain.

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Have You Considered Spend Matters SolutionMap Before Choosing an eSourcing Solution?

EC Sourcing Group

Since the first SolutionMap was published in late 2017, it has been used by thousands of organizations in their evaluations and buying decisions. Procurement professionals must align stakeholders, define critical requirements, issue an RFP, develop a believable ROI and secure a budget to purchase a platform.

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What Is Procurement Management?

EC Sourcing Group

However, learning Microsoft Excel or other spreadsheet programs could prove very tough and frustrating for some with many people creating their own systems and formulas. . Again, many preferred to handle procurement management on paper and in person or in their favorite procurement software, Excel.