Be 'E-Sourceful' To Make Wise Buys

Topics:
Sourcing
Tags:
CMP Media,
Collaboration,
Strategic Sourcing
Source:
CMP Media

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Overview: This article explains that saving money surely is not a new concept, but there always seems to be a new technology that promises to help you do just that. Online marketplaces and exchanges, collaboration tools, and business-productivity applications all promise cost savings, but many such projects fizzle out before delivering any tangible results. Strategic sourcing, on the other hand, may just have the staying power to transition from the experimental to the mainstream. The lack of growth in the U.S. economy and the early successes of several users are fueling its growth. The article also talks about a strategic-sourcing solution provides guidelines that help the company understand such as what prices it should pay for goods and services; which suppliers are facing imminent financial difficulty. Apart from all the details it also provides the idea about misconceptions, strategic sourcing in the marketplace.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Jul 2002 | Pages: 3


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