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Ebony Office Interiors LLC Blog - Between the Lines

The “Between the Lines” News Blog. is a series of collected and reproduced articles from industry publications. These stories are provided in this brief format to keep you current on important and interesting industry information. You can receive more detailed information by accessing the URL provided in each article brief. You may unsubscribe by e-mailing or phoning our office.

What is eSourcing?
By: EPIQ  -  6/2/2011

While over 90% of businesses do use e-procurement strategies to some extent, most lump e-sourcing in under the terms wider umbrella of meaning: using the Internet to assist in the purchase of goods and services needed by a business. The reality is that e-sourcing is actually a separate category of techniques that focuses primarily on the quality and price of products used in the creation of a business's product. Since for many companies these direct materials make up a sizable chunk of their purchasing budget, it is in their best interest to implement some e-sourcing best practices. After all, one research group concluded that e-sourcing could save all businesses in the United States of America almost surly $700 billion dollars per year.

Obviously, e-sourcing can save money, but there are other equally important benefits as well. For example, e-sourcing can improve worker collaboration because these web-based applications can be accessed by all of the departments in a company. So if an RFP is being prepared in order to purchase the direct materials needed for a new project, then all of the teams and departments involved in the project can use the applications to contribute to the RFP. The end result is a clearer, more exact explanation of what the project entails. And because everyone is involved at that level, there is less resistance to the project in later stages.

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