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Category Archives: Blog

e-Sourcing as a Key Component of your Spend Management Initiative – Part 3

Part 3 – What an e-Sourcing System Should Provide State of the art e-sourcing systems provide many beneficial elements to support an organization’s direct and indirect procurement activity. Specifically, in support of Spend Management initiatives they should as a baseline: Deliver a robust and repeatable process for completing all sourcing activity, that minimizes manual effort, […]

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e-Sourcing as a Key Component of your Spend Management Initiative – Part 2

Part 2 – Best Practices Top performing organizations in the Spend Management discipline focus on creating a collaborative, repeatable and transferable process using systems/software in all areas of supply chain management. For the Sourcing function specifically, reliance on: spreadsheets for event data management and progress tracking, emails for RFQ communications, both internal and external, disconnected […]

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e-Sourcing is a Key Component of Spend Management – Part 1

Part One of Three – Sourcing is the Missing Link!  The challenge Spend Management initiatives are becoming more and more prevalent as organizations increase their focus on overall Supply Chain Management efficiencies. Spend initiatives focus on: sourcing strategy category expertise negotiation and purchasing execution Key business drivers of improved Spend Management for organizations include: Continued […]

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How to simplify and automate using RFQ software

How to simplify and automate using RFQ software

As a sourcing professional, you are likely experiencing email and spreadsheet overload. While your main concerns are really managing spend, reducing risk and increasing margin for your firm, creating RFQs, working with suppliers, evaluating bids, notifying winners (and losers), and writing detailed emails that could otherwise be automated are likely consuming a lot of your time. RFQ software can help. QLM […]

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