A busy week ahead for SourceDogg as we exhibit at eWorld Purchasing and Supply - the UK’s most comprehensive business forum for eProcurement, eSourcing and Supply Chain Technologies - ...
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.
e-Sourcing enables firms to leverage purchasing in a number of value-adding ways. Three are of particular note: reduced sourcing costs, enhanced transparency, and data analytics.
The short answer is 'no'. Transparent procurement makes business sense for all firms, irrespective of sector or size.
The value-adding potential of procurement is now widely recognised. It was not always so. In previous times, procurement occupied a peripheral position within most organisations.
Alan Phelan, CEO of SourceDogg, has been appointed to the Industry Advisory Board of Knowledge Transfer Ireland.