Why Suppliers and Buyers Need E-Sourcing

why suppliers and buyers need e-sourcing

While the benefits of eSourcing are evident to buyers, suppliers are wary about automating the procurement process. The fear comes from the assumption that any sort of automation is overwhelmingly biased in favor of the buyer. However, eSourcing systems can also provide real-time dynamic feedback and promote strategic cooperation, making it a valuable tool for […]

What’s An E-Procurement Service Provider?

procurement service provider

Most procurement teams are currently fighting to keep up with rising market volatility and maintain a competitive advantage. However, the majority of businesses are still utilizing older, legacy ERP systems, which are falling behind the competition. On the other hand, e-procurement service providers on the market help companies across various industries meet their policy requirements, […]

Should I Be an Expert to Use a Cloud-Based Procurement Platform?

Procurement software

Whether you’re an entrepreneur, a CEO, or someone with a connection to the business world, you’ve probably heard of cloud-based procurement. Cloud-based procurement is the recent manifestation of e-commerce that allows businesses to streamline their operation cycle and automate their transactions. However, as shocking as it may appear, numerous businesses today still rely on manual […]