No doubt, eSourcing or e-Sourcing can save you countless trips to stores and save you time and money.
What is eSourcing?
eSourcing is simple. It is the use of web-enabled technology to facilitate the process of procurement for both buyers and suppliers. It is an online version of a bidding process. However, it is completely online and allows you to save time and cost by bringing all interested suppliers on one platform.
eSourcing has become an important procurement tool in recent years. It allows companies to connect, screen, and shortlist suppliers while minimizing their spend. This process makes it extremely easy to talk to suppliers irrespective of their present location. It allows you to save time and bid down to a supplier who can deliver the best quality at the most affordable price possible.
It can save you cost of business operations in more ways that you can imagine. You can be able to reach a wide-range of suppliers from every part of the world at the fraction of the cost of what you would have spent if you used the normal bidding process.