Every year, we help hundreds of organizations save billions in spend/ procurements. 09, 2016 1 like 3,018 views Download Now Download to read offline Technology We are one of the leading providers of strategic sourcing consulting services in India.
However, strategic sourcing is a larger concept that aims to improve the procurement process of your business and ensure the lowest cost for the whole process. Ariba sourcing 1 of 17 Ariba sourcing Mar. Sourcing is simply the process of identifying the suitable suppliers for your business to procure products and services at the optimal price. You will also see a difference between two terms – sourcing and strategic sourcing. You will have to factor in the total sourcing cost, including the price for creating contracts, time factors, and transportations, not just the direct purchase cost. However, if you consider long-term prospects, you will have to consider many additional factors where the concept of sustainable savings comes into play. But can the lowest price always guarantee you the highest savings for your business? For a very short-term, it might. NC eProcurement uses the SAP Ariba Sourcing, Contracts, and Procurement tools, which are integrated with the Ariba Network for suppliers. In a traditional sense, many of us often look at sourcing with a narrower view: finding a supplier and negotiating to secure the lowest possible price.
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