Why is eSourcing beneficial?
Although eSourcing has obvious and tangible benefits for purchasing organizations, it also provides value to both buyers AND suppliers Buyer benefits include: • Faster sourcing process and faster results – cycle time reductions of up to 70% • Elimination of multiple face-to-face meetings, travel time, and geographical barriers • More transparent, uniform and predictable pricing • Improved enforcement of corporate purchasing policies – ability to better control maverick buying • Increased process transparency • Better supplier measurement Supplier benefits are: • More efficient and objective sourcing process – more level playing field Easier to respond – negotiations and travel are eliminated • Lower selling/customer acquisition costs • Improved convenience for buyers, leading to more transactions • Improved market intelligence
