Cloud e-Sourcing: The advantages

In the world of Purchases, there are many factors that define what a “good supplier” is. This concerns the quality of the products, the reliability of Supplies, and the costs. In order to find the “best supplier”, many companies engage in Sourcing missions. Their aim is to discover new suppliers. The Supplier sourcing promotes collaboration and negotiation to allow competitive prices and additional, mutually beneficial business. It allows organizations to create long-term relationships and contracts, which has an advantage in itself.

Unfortunately, manual tendering procedures often lead to:

• A lack of transparency,
• Wrong supplier lists,
• A management of Purchases incoherent.

When the interactions of Sourcing are poorly managed, the negotiation and procurement circuit It comes out weakened. This results in a loss for buyers as well as for suppliers.

Electronic consultations,” e-Sourcing ”, allows you to benefit from numerous advantages:

• automate distribution and negotiation,
• improve daily operations,
• strengthen the purchaser/supplier relationship,
• insure More efficient and transparent purchasing.

Online e-Sourcing platforms such as Sourcing-Force.com allow organizations to access interactive procurement events, tenders and an optimized selection of suppliers. Not only the e-Sourcing automates thePurchase of a business, but it is expanding the opportunities ofProcurement at the best price.

Procurement strategies

The strategy ofProcurement electronics” e-Sourcing ” concerns Strategic Purchasing and Non-strategic purchases. It is a technology that optimizes procedures Purchase existing suppliers as well as the supplier base to facilitate selection based on the price/quality ratio of goods and services or other selection criteria relating to each need. An application ofe-Sourcing allows businesses to go beyond the functionalities of application forms forPurchase and catalog searches. Suppliers can also participate in sourcing events or reverse auctions in order to find the best deal to meet specific needs.