Sourcing Innovation breaks down eRFX, eAuctions and optimization (and 10 other days)

Add comment December 19th, 2007 David Bush - Iasta

The Doctor, who runs Sourcing Innovation blog, is never short on heavy hitting analysis. I particularly like when he takes on topics in eSourcing (big surprise). Last week, he had an in depth breakdown of the core functionality that most think of for eSourcing -eRFx/eAuctions. Additionally, you will notice his theme of the 12 days of X-emplification and there are others days which have great information on topics such as spend analysis and contract management.

From his prologue, Michael sets up the series with, “This year, in the spirit of giving, and in the spirit of Questions to Ask your Optimization Vendor, the doctor exposes the elephants in the room (Part II), and the doctor goes mental (on Auctions and on Optimization), I’m going to give you twelve posts on twelve different sourcing and procurement technologies and services that expound upon the questions you should be asking, the answers you should be expecting, and, most importantly, why, so that when you set about choosing a technology to help you with your sourcing and procurement challenges, you choose the right one.”

Needless to say, his posts are packed with actionable information and, as should be expected, not light on the criticism of any vendor technology that lacks what he feels is critical for success. I considered offering some analysis of my own, but his spiked eggnog version of holidays, speaks for itself. My only recommendation is to take his analysis on each technology that applies to your company and reformat it for your own needs and challenges. These are worth saving.

Entry Filed under: Functionality, General, Reverse Auctions, Supply Management Best Practices, Technology, e-RFx, e-Sourcing Marketplace