In the past, the most crucial skill a procurement officer had was the competence to negotiate price and the terms of a contract. Once negotiations were concluded and the contract was signed, the job was done. Currently, the job isn’t so easy which is why eSourcing is an extremely critical tool, enabling procurement and sales departments to expedite and simplify the full life-cycle of the procurement process. If your team has yet to take advantage of this collaborative technology, here are 5 things you should know.
There are several benefits to eSourcing which include:
Automating the administrative duties of the sourcing and procurement process allows teams to be more focused on their strategy as opposed to labor-intensive traditional tasks. eSourcing empowers procurement teams to progress beyond negotiations and make advances in the world of data analysis and successful supplier management.