e-Sourcing: A Logical First Step in the Compliance Process

April 13th, 2006 at 08:12am Jason Busch

We can all agree that there’s no replacement for contract management capability from a compliance perspective. The recent Emptoris / DiCarta deal highlights this. But many procurement organizations often forget how implementing strategic sourcing and category management approaches through the use of e-Sourcing applications can help generate savings while ensuring that standard vendor management processes are adhered to in the contracting and negotiating process. But e-Sourcing applications not only enable standardized sourcing processes, but they also create an audit trail of activities throughout the qualification, negotiation, and contract award phases of working with suppliers. Given the ease of implementing on-demand / software as a service (SaaS) e-Sourcing platforms these days, there’s no excuse for procurement organizations to not take the first step towards an end-to-end procurement compliance strategy by starting with eSourcing.

- Jason Busch

Entry Filed under: Contract Management, General, e-RFx, e-Sourcing Marketplace

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