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.
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.
In essence, Sun was working with its e-sourcing partner Ariba to cast out its line and reel in the best offers.
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.
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.
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.
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.
In the area of information technology, however, that may be about to change, thanks to a new concept dubbed utility computing, or "e-sourcing."
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.
Worldwide Computer Products News-26 April 2001-Moai combines software and services into end-to-end e-sourcing offering (C)1995-2001 M2 COMMUNICATIONS LTD http://www.m2.com