Traditionally, reviewing and comparing suppliers to find the best one was a lengthy and time-consuming process. However, these days, technology has made it much simpler and quicker. Because of e-Sourcing, gone are the days when you needed to go through an individual evaluation of suppliers to find which one best suits your organisation’s requirements and budget.
e-Sourcing is the process of finding, evaluating and deciding upon which supplier to collaborate with using a cloud-based platform. During the e-Sourcing process, suppliers respond online directly into the system. The technology has been specifically developed to help organisations save time and money on procurement and purchasing activities.
If you’d like to know more about this technology, this article will summarise the key details for you.
The Software: How It Can Help You
e-Sourcing software covers many different functions, depending on the manufacturer, but in essence, here are some of the sourcing aspects it takes care of:
As well as this, the software can help an organisation develop a strategy for sourcing, analyse their expenses, and facilitate their negotiations.
Why Get One: Advantages of e-Sourcing Programs
Companies invest in e-Sourcing software because of the following benefits:
Today’s fast-paced world requires organisations to have the right tools to help make their work more efficient and effective. For the finance, procurement and purchasing teams of any company, having e-Sourcing software is a game changer that will benefit the whole organisation. Consider getting one for your team.
Do you need e-Sourcing software for more efficient work? oboloo is the smarter way to take control of your sourcing activities. Start your free trial today or book a free demo to see how this cloud-based sourcing program can help you. www.oboloo.com