SMBs have greater need for transparency
How do e-procurement and e-sourcing help companies to cut cost?
E-sourcing and procurement does more than simply set up an electronic mechanism for buyers and sellers to seamlessly interact. Its benefits also go beyond simple cost reduction. It helps streamline work flows, enhances efficiency and drives transparency in buyer-seller relationship. It also improves the availability and accuracy of information on both supply and demand side facilitating collaboration and control and compliance. That knowledge makes up for more informed talks and richer arbitrage opportunities.
E-sourcing frees up purchasing personnel to help them focus on more strategic concerns such as supply base development and relationship management. In a nutshell, e-sourcing and procurement creates immense value by lowering spend costs, streamlining processes and creating transparency, driving
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