The database giant will combine its Internet procurement software with Ernst & Young's strategic sourcing services and consultancy expertise. The two companies are aiming to reduce the costs of the sourcing and procurement process by using...
BA will be rolling out e-sourcing software from Frictionless over the next few months to cut procurement costs. The airline spends more than £5bn a year on goods and services from suppliers and the move is part of BA's commitment to strategic...
It involves the analysis of procurement costs, strategic sourcing based on criteria other than price and making sure staff only purchase via pre-negotiated contracts. European businesses are trying to save money through 'haggling' with suppliers...
But sourcing and procurement are company-wide issues. E-sourcing, on the other hand, should be a strategic process. If you're not sure about the viability of e-sourcing - one of the current buzzwords in B2B - taking up an invite to FreeMarkets...
The strategic sourcing process is one that is quite manually intensive at certain stages. Gavin Boswell, e-sourcing programme manager at BA, said the software will allow greater analysis of purchasing across the company and drive best practice.
Businesses over the past 20 years have focused on the supplier selection and contract negotiation elements of sourcing but Gartner says leading-edge organisations are now firmly focused on sourcing strategy and sourcing management first.
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