Global Sourcing,Quoting & Costing Software Blog

The Importance of Supplier Management in Today’s Dynamic Supply Chain

“Supplier Management” is a widely used and well-known term in the supply chain world, but in practice it can mean different things to different people. Different Industries have identified the key requirements that are most important and have the greatest business impact. The requirements for Supplier Management in the medical device field can be quite […]

How to Drive More Accurate Customer Quotes by Implementing a Cost Engineering System

Cost engineering manages project costs through tasks such as cost control, estimation, cost prediction, risk analysis, and investment appraisal. It is vital in terms of calculating return on investment when making operational changes. The ultimate goal of cost engineering is to achieve an ideal balance of quality, time, and budget requirements. Here we’ll discuss the […]

What are Compliance Management Software Business Benefits?

Compliance management software enables business managers to continually oversee and assess their systems, ensuring they comply with security regulations and corporate policies. Ongoing compliance management is vital, as it protects the business from the many negative consequences of noncompliance, such as security breaches and fines. High-quality compliance management software simplifies the oversight process, providing streamlined […]

Top 10 Quoting Software Features for Manufacturers

Top 10 Quoting Software for Manufacturers × Click to Enlarge Industry-leading quoting software speeds up your sales cycle, increases your win rate and gross margins. More and more, customers are demanding: Faster response time on requests for quote Quote responses that meet their specific requirements and formats Included visibility of product costs and margins Ability [...]
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An Introduction to Sourcing Software

× Click to Enlarge Sourcing is a key step in the manufacturing process as it ensures the company has the materials needed to make the desired parts and products. While manufacturers can do their sourcing manually by mail or phone, it is far more efficient to use sourcing software designed specifically for the task. Below, […]

Get Your Supplier Onboarding Out of Excel and Into the Cloud!

Spreadsheets are inexpensive to implement, very easy to use, and flexible. But although these are great strengths, at the same time, they are also great weaknesses. You can’t run a business on a series of spreadsheets. My common joke is as follows; “Spreadsheets, the cause of and solution to all business problems.” Here are a […]

Supplier Management for Sourcing

× Click to Enlarge Extending Supplier Profiles for Improved Sourcing Activity Although creating a functional supplier profile might seem to be supplier management “101”, many organizations still manage information with a combination of spreadsheets and/or disconnected vendor/supplier address-master databases in ERP or other systems, that together lack the ability to create supplier capability or spend [...]
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Improving Sourcing for Manufacturers With eSourcing Technology

Utilizing eSourcing Technology to Improve Sourcing for Manufacturers × Click to Enlarge Sourcing is an essential step for every manufacturer. By using eSourcing technology, they can achieve higher cost savings, faster process cycle times, greater business transparency, and better control over their sourcing operations. However, some manufacturing companies do not understand what the technology can [...]
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Improving Vendor Management for Manufacturers With QStrat Solutions

Using Software to Improve Vendor Management × Click to Enlarge In the manufacturing sector, maintaining and managing your relationships with your vendors is essential to ensuring your company can obtain the products and services you need for your business operations. Manufacturers generally have relationships with dozens to hundreds of vendors, each of which has a [...]
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A Guide to the Request for Quotation (RFQ) Process

A request for quote (RFQ) is a formal business process that an organization uses to elicit a price quote from a prospective supplier. It allows the potential buyer to receive cost estimates from one or more businesses for specific products or services, enabling them to make a more informed purchasing decision. These are often available [...]
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