Raising the stakes for eSourcing
A leading Zycus iSource customer from the industrial automation and control industry recently and successfully executed an eRFQ spanning some 7,500+ line items and 98 suppliers worldwide. The global competitive cost discovery and sourcing efficiency represented in such a large-scale event was unimaginable just a few years ago before e-Sourcing solutions had evolved to their current state of the art. It is a sign of the times in which sourcing teams push the envelope on global e-Sourcing adoption, utilization and innovation.
Some of the unique challenges faced by sourcing professionals are as follows:
- Speed
- Global ubiquity
- High volume & complexity
- Disintegration
- Transitory
- Volatility
With so many complex challenges, it is no surprise that sourcing team that have been among the earliest and most enthusiastic adopters of sourcing process automation (e-Sourcing) solutions. May be reaching a level of e- Sourcing maturity that is outgrowing their early solution deployments