EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.

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Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.

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Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

SEPTEMBER 7, 2021

At its most basic, the following is a solid explanation of how the supply chain works: Source raw materials or goods from suppliers. Manufacture or refine these goods into basic components. It fits best under line item number one because you would be tracking your spend as you are sourcing your goods. Data gathering.

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Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

EC Sourcing Group

JULY 7, 2020

This type of software is a small but very imperative part of the overall Sourcing process. A good rule of thumb is to carry over all SLAs and T&Cs from the sourcing phase and put them into stone in the contract. If you’re wondering, “ What is eSourcing in supply chain management? ” pre-purchase questionnaire. invitation to tender.

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Manufacturing Procurement Procurement Solutions Supply Chain Software Procurement Analytics 52

EC Sourcing Group

OCTOBER 12, 2020

October 13, 2020 / EC Sourcing Group, a leading global provider of SaaS sourcing technology solutions, has announced its acquisition of procurement solution provider, BidMode, with full terms of the merger remaining confidential. About EC Sourcing Group. Morristown, N.J.,

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Optimal Sourcing EC Sourcing Manufacturing Procurement Sourcing Strategies 52

EC Sourcing Group

OCTOBER 27, 2020

In that case, they are essentially the preparation and processing of a demand needed to manufacture a good or end process that is meant for a consumer. To learn more about supply chain and risk management software , or to request a demo, contact EC Sourcing Group today by calling us at 973-936-9672.

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EC Sourcing Group

DECEMBER 17, 2018

If you sell a premium product, manufacturing quality issues can kill your image and your bottom line. Today I will share a fantastic success story from a strategic sourcing consultant who is friend of mine. The manufacturer made several attempts to rectify the issues but were unsuccessful. A disaster turned into a huge success.

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Manufacturing Procurement Negotiating Skills Negotiate Pricing Quality 40

EC Sourcing Group

JUNE 7, 2022

Everyone in the procurement and purchasing fields knows that sourcing is generally a process of getting the best product from top suppliers with good terms and price. When using advanced eSourcing tools, you’ll have a comprehensive eSourcing dashboard, a web-based, online platform where you’ll advertise sourcing needs.

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Procurement Solutions Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

OCTOBER 25, 2022

Manufacturing. Manufacturing companies are great candidates for using the reverse bidding process because it helps them identify cost savings and reduce inefficiencies in their supply chains. It also gives them more transparency in their contracting process and reduces administrative costs associated with traditional bidding processes.

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EC Sourcing Group

JULY 28, 2020

However, in procurement, organizational spend typically goes toward preferred suppliers (and their goods and/or services) to produce a final product or good on the manufacturing side of the organization. . Also, a good rule of thumb is to get everything in writing, from the pre-sourcing stage. . These are easy and intuitive to use.

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EC Sourcing Group

NOVEMBER 1, 2023

In the ever-evolving landscape of manufacturing procurement , data plays a pivotal role in ensuring efficiency, cost-effectiveness, and strategic decision-making. However, global manufacturing businesses often face a unique set of data challenges that can hinder their procurement processes. Category Spend Analysis 4.

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EC Sourcing Group

OCTOBER 13, 2020

As most RFP software is crafted to a company’s needs, the software manufacturer will likely want to give you a custom quote. As you look for the best RFP software, realize that it’s not a solo decision, and it’s one that should be made as a team. Firstly, the decision will be more than requesting a demo and downloading a trial.

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EC Sourcing Group

DECEMBER 12, 2019

Raw Material Sourcing Success Story: More Suppliers Participated plus Time and Hard Dollar Savings. Let me share some of the highlights of this success story at an international manufacturing and distribution company. Let me share some of the highlights of this success story at an international manufacturing and distribution company.

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Material Savings Manufacturing Procurement Sourcing Negotiating Skills 52

EC Sourcing Group

JANUARY 24, 2019

Today I will focus on KPIs that can provide deep insight into the efficiency and effectiveness of your operations, strategic sourcing efforts and how procurement systems are viewed internally. These materials represented almost 70% of the cost of goods manufactured. If it was always this easy.

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EC Sourcing Group

MARCH 25, 2019

For many mid-size companies, indirect spend is killing their bottom line and derailing their efforts to implement strategic sourcing. A consumer products manufacturer and distributor reduced labeling costs by $800,000 (52%) by replacing a long-standing supplier. Here are some sample success stories to illustrate what is possible.

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EC Sourcing Group

MAY 7, 2019

Compare that with the conversation I just had with a large manufacturing and distribution client who implemented our sourcing platform less than 12 months ago. “I I reviewed the concepts of our “Sourcing Internal Request Initiative” with our team and our President. The cost in lost opportunities, leverage and time are enormous.

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Manufacturing Procurement Cost Reduction Strategies Tools Procurement 45

EC Sourcing Group

MAY 30, 2019

If you are a procurement professional, it is certain that you will be asked to source products or services that haven’t existed previously. In the last month I have spoken with prospective clients in property management, media, energy, insurance, private schools, home building, consulting and manufacturing.

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EC Sourcing Group

FEBRUARY 18, 2019

Purchasing needs can vary dramatically among business units Spend categories are rarely uniform in importance for departments like IT, MRO, HR, Manufacturing etc. Before I provide my opinion, I will provide some practical context.

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