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e-sourcing |
Also found in: Wikipedia | 0.01 sec. |
e-sourcingThe electronic procurement of products. Although purchases have been computerized for decades, e-sourcing implies more automatic procedures; especially dealing with contracts and processes that continue to be reviewed and managed entirely by individuals. See TCM and supply chain management. |
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The Goss e-sourcing program has been rolled out with a targeted scope focused on specific categories supporting core production machinery and related parts. Nasdaq: VERT), a leading provider of supply management solutions, today announced that two FORTUNE 500(TM) Life Sciences manufacturers have renewed their subscriptions to Verticalnet's on-demand e-Sourcing solutions. This savings "leakage" has made finance organizations increasingly skeptical of savings that are negotiated through traditional e-Sourcing processes. |
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