Join Ardent Partners and Selectica on Thursday, September 10 at 12:00 PM EST for this free webinar on the value of eSourcing and Supplier-Centric Strategic Sourcing. Register here!
For quite some time, the modern business environment has moved at such a pace that enterprises that “go it alone” have been unable to keep up. Innovation, market changes, consumer demand, and a procurement labor force that is still recovering from the Great Recession have compelled many Chief Procurement Officers (CPOs) and their teams to collaborate internally and externally to maximize the value of all of the resources they have at their disposal. One of the more robust resources is eSourcing, and it is helping CPOs step up their supplier management game.
eSourcing is the pinnacle of the modern strategic sourcing program, as it connects buyers and suppliers in an online network where buyers can identify vendors to provide goods and services to fulfill their business needs. Whether through online marketplaces or reverse auctions, eSourcing helps businesses find competitive suppliers in an efficient and transparent manner. Beyond the tactical element of supplier identification and purchasing, eSourcing allows procurement teams to be strategic in their sourcing by enabling them to carry over valuable supplier information and sourcing agreements into other sourcing phases, like contract management and supplier management.
Deploying an eSourcing capability and standardizing it with contract management and supplier management can allow CPOs and sourcing teams to fuse all of these processes to increase efficiencies, savings, mitigate risk, and enhance value. A standardized eSourcing program can provide reusable data and documents that can be rolled into the contract management phase. eSourcing can also enhance supplier management by providing cleansed, current supplier information, as well as performance expectations, criteria, and benchmarks to measure success, and finally, risk assessments, contingency plans, and alternative suppliers for a multi-tiered supply risk management program. Truly, with so much value to be added, no sourcing program can be “strategic” in 2015 unless it leverages eSourcing.
Join Ardent Partners’ Chief Research Officer and industry thought leader, Andrew Bartolini, as he expands upon eSourcing and supplier-focused sourcing, and unveils a series of best practices, strategies and solutions for mastering the art of supplier-focused sourcing. The September 10 (12 pm Eastern) event, hosted and sponsored by Selectica, will identify recommendations for action and leverage Ardent’s strategic sourcing research to help attendees develop Best-in-Class eSourcing and supplier management programs.
Don’t miss this event! Click here to register.
Gaining a Competitive Edge with eSourcing:
The Evolution from Savings Focused to Supplier-Centric Strategic Sourcing
Date: Thursday, September 10, 12 pm Eastern
Featured Speaker: Andrew Bartolini, Chief Research Officer, Ardent Partners
Tagged in: Ardent Partners Research, Ardent Team, Chief Procurement Officer, Contract Lifecycle Management, CPO, eSourcing, Events, Innovation, Sourcing, Strategy, Supplier Performance Management, Suppliers, Supply Risk, Technology
