Creating operational efficiencies and managing
costs is the prime goal for any business. While purchased items constitute
the single largest component for most organizational expenditure, sourcing
is the key business function that provides maximum opportunity to save
costs which would improve the bottom line more than proportionately.
eSourcing helps enterprises reduce direct purchasing costs and streamlines
the existing procurement processes. It successfully emulates established
strategic sourcing practices on the web, bringing together buyers and
suppliers online to reduce transaction time and improve transparency
across the enterprise. It helps convert routine procurement activity
into a strategic one.
The goal of any sourcing initiative should be to select the supplier
mix and products that best meet the organizational requirements at
the lowest total cost. Indiaengineering’s comprehensive set
of sourcing services include :
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