e-sourcing

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e-sourcing

The 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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In many organizations this has taken the form of adopting e-procurement or e-sourcing technology.

The benefits of modernizing procure-to-pay: organizations recognize the role technology can play in improving the entire procure-to-pay process

Grocery retailers that use the e-sourcing process for private label items recognize two major benefits: 1) They secure the best price by putting as much transparency into the process as possible; and 2) They gain access to the most cutting-edge products.

Is e-sourcing for you?

In essence, Sun was working with its e-sourcing partner Ariba to cast out its line and reel in the best offers.

Sun Microsystems Reels in the Best Bids

In this case, the winning bidder pays [the e-sourcing company] a fee (on a sliding scale less than 2 percent of the selling price) for the benefit they have received from participating in and winning the auction.

E-sourcing: another tool for law enforcement?

The simple, price-only e-auctions that used to be standard e-sourcing tools were too simplistic for many companies, and frustrating for suppliers - their relationship with customers having been reduced to a single numerical price value.

A hard sell

However, e-sourcing has unfortunately gained a bad reputation in its somewhat short lifetime.

Establishing mutual equity for buyers & sellers with e-sourcing: explore strategies, tactics, and best practices that buyers and sellers can follow to create and maintain balance, producing value on both ends of the purchasing spectrum

Barriers to Adopting E-Procurement & E-Sourcing

Purchasing power: new procurement strategies and systems save time and money--serious money

Its customers include Rolls-Royce Aerospace, TRW, Agco, Coors, Honda, NTL and Smith Industries and it has e-Sourcing Centres in Paris, Munich and New York, as well as Coventry.

e-business: Council has pioneered net auction for supplies

Next determine what e-sourcing, e-procurement, and e-business in general means to your company in terms of current and future business processes in an electronic environment.

Covisint: Beyond auctions; What's it take to use Covisint, the automotive industry's Internet-based trading exchange? well, Besides a computer, here are some other things to consider. (Manage)

In the area of information technology, however, that may be about to change, thanks to a new concept dubbed utility computing, or "e-sourcing."

E-sourcing: Information Technology on demand: Utility computing marks a new stage in the evolution of outsourcing, and may be the first to fully deliver on the strategy's true potential. (CEO Perspectives)

They have already invested in B2eMarkets (www.b2emarkets.com), a strategic e-sourcing solutions firm that offers software and other services to global 2000 companies.