e-Sourcing is an enabler of strategic purchasing precisely because it captures valuable data on purchasing activity. Procurement spend analysis can then be used to determine trends in bid prices received, actual prices paid, and future expenditure levels.
Last week's post looked at how e-sourcing enables firms to reduce sourcing costs, thus leveraging purchasing in a way that adds value to the business. Today's focuses on how value is added by enhanced transparency.
As the subject of last week’s Sunday Independent ‘Company Focus’, SourceDogg was profiled as ‘a unique procurement solution for businesses in both the SME and the large corporate sectors’ that’s fast making a global sales footprint in a number of industries.