You say procurement, I say sourcing

February 1st, 2008 at 09:37am David Bush - Iasta

This post does not need to be very long, I just wanted to point out a nice blog by Sourcing Innovation, which describes the difference between eProcurement and eSourcing. Yes, there is a big difference here, but not every one understands this. To this day, I still get people that go into technology review and market evaluation for eSourcing but reference eProcurement. Michael’s chart is comprehensive, yet simple. As described by the doctor:

“Without procurement, the organization wouldn’t have a large transaction database and extensive visibility into spend, the key to a successful spend analysis effort, which is the first phase of e-Sourcing. And without sourcing, there would be no strategically negotiated contracts to buy against, and procurement managers would be spending willy nilly, making the current level of maverick spending that you have to deal with pale in comparison.”

Thank you, please drive through.

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Entry Filed under: General, Technology, e-Sourcing Marketplace