E-sourcing - Revision history

Designing Buildings at 10:39, 17 July 2024

2024-07-17T10:39:38Z

← Older revision		Revision as of 10:39, 17 July 2024
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	Note: eSourcing NI is a procurement website for public sector and regulated contracting Authorities in Northern Ireland.		Note: eSourcing NI is a procurement website for public sector and regulated contracting Authorities in Northern Ireland.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Auction theory.		* Auction theory.
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	* Dutch auction.		* Dutch auction.
	* E-auction.		* E-auction.
		+	* ESignatures.
	* Electronic auctions under the Single Procurement Document (Scotland).		* Electronic auctions under the Single Procurement Document (Scotland).
	* E-procurement.		* E-procurement.
	* Reverse auction.		* Reverse auction.
	* RFx.		* RFx.
−
−	~~= External resources =~~
−
−	* Richard Engelbrecht-Wiggans and Elena Katok, [https://econpapers.repec.org/article/inmormnsc/v_3a52_3ay_3a2006_3ai_3a4_3ap_3a581-596.htm E-sourcing in Procurement: Theory and Behavior in Reverse Auctions with Noncompetitive Contracts].

	[[Category:DCN_Software]] [[Category:Contracts_/_payment]] [[Category:Procurement]]		[[Category:DCN_Software]] [[Category:Contracts_/_payment]] [[Category:Procurement]]

Editor at 15:53, 23 September 2021

2021-09-23T15:53:30Z

← Older revision		Revision as of 15:53, 23 September 2021
Line 53:		Line 53:
	* Dutch auction.		* Dutch auction.
	* E-auction.		* E-auction.
		+	* Electronic auctions under the Single Procurement Document (Scotland).
	* E-procurement.		* E-procurement.
	* Reverse auction.		* Reverse auction.

Designing Buildings at 09:00, 16 November 2020

2020-11-16T09:00:29Z

← Older revision		Revision as of 09:00, 16 November 2020
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	= Introduction =		= Introduction =

−	E-sourcing is also referred to as electronic sourcing or strategic sourcing~~. Note: It is not meant~~ to ~~be confused with eSourcing NI~~, the ~~procurement website for public sector~~ and ~~regulated contracting Authorities in Northern Ireland~~.	+	E-sourcing is also referred to as electronic sourcing or strategic sourcing and can encompass several aspects of the E-procurement process, including inviting suppliers to tender, managing the tender process, holding electronic auctions and so on.

−	E-sourcing can encompass several aspects of the E-procurement process. This can include actions such as inviting suppliers to tender, managing the tender process, holding electronic auctions and so on.	+	It is a technology-based (either through software or Internet-based applications) component of E-procurement that gathers data about numerous potential providers to help the customer select a vendor. This can reduce both the cost and time associated with the procurement process while supporting interactions between customers and vendors.
−		+
−	It is a technology-based (either through software or Internet-based applications) component of E-procurement that gathers data about numerous potential providers to help the customer select a vendor. This ~~method is meant to~~ reduce both the cost and time associated with the procurement process while supporting interactions between customers and vendors.	+

	= Background =		= Background =
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	= E-sourcing and procurement interactions =		= E-sourcing and procurement interactions =

−	E-sourcing uses Internet and software applications and tools to facilitate online negotiations that encourage price reductions and competition. It is most frequently associated with online auctions (also referred to as E-auctions) in the form of reverse auctions, Dutch auctions, Japanese auctions and ~~others~~.	+	E-sourcing uses Internet and software applications and tools to facilitate online negotiations that encourage price reductions and competition. It is most frequently associated with online auctions (also referred to as E-auctions) in the form of reverse auctions, Dutch auctions, Japanese auctions and so on.

−	~~This helps to~~ create a procurement process that is well structured and transparent. Ideally, this ~~results in reducing~~ risk by providing terms that are clear to bidders. ([https://econpapers.repec.org/article/inmormnsc/v_3a52_3ay_3a2006_3ai_3a4_3ap_3a581-596.htm E-sourcing in Procurement: Theory and Behavior in Reverse Auctions with Noncompetitive Contracts], Richard Engelbrecht-Wiggans and Elena Katok, 2006).	+	It can help create a procurement process that is well structured and transparent. Ideally, this reduces risk by providing terms that are clear to bidders. Ref [https://econpapers.repec.org/article/inmormnsc/v_3a52_3ay_3a2006_3ai_3a4_3ap_3a581-596.htm E-sourcing in Procurement: Theory and Behavior in Reverse Auctions with Noncompetitive Contracts], Richard Engelbrecht-Wiggans and Elena Katok, 2006.
−		+
−	While this method is often used for conventional purchases (such as business supplies, equipment and so on), it can be used for other procurement tasks as well. Furthermore, not all E-sourcing is used for online auctions. This tech based approach can make use of the project management, RFx programmes and communication tools provided with many E-Sourcing applications.	+

	= The strategy of E-sourcing =		= The strategy of E-sourcing =

−	E-sourcing is referred to as strategic sourcing ~~because of the way~~ it ~~is meant to~~ transform the procurement process through continuous improvement. E-sourcing tools capture information that allows procurement professionals to save money and manage risk by identifying several key factors, including:	+	E-sourcing can be referred to as strategic sourcing as it can transform the procurement process through continuous improvement.
		+
		+	E-sourcing tools capture information that allows procurement professionals to save money and manage risk by identifying several key factors, including:

	* What needs to be purchased.		* What needs to be purchased.
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	* Getting buy in from upper management. Will the executive team support the decision to move to E-sourcing? Do they understand the purpose of the initiative?		* Getting buy in from upper management. Will the executive team support the decision to move to E-sourcing? Do they understand the purpose of the initiative?
	* Introducing E-sourcing properly. Is there a plan to put E-sourcing tools in place? Have champions been identified? Would they be able to encourage others who might otherwise resist anything new.		* Introducing E-sourcing properly. Is there a plan to put E-sourcing tools in place? Have champions been identified? Would they be able to encourage others who might otherwise resist anything new.
−	* Providing training. Are there super users amongst the champions who could be extra training to observe and enforce best practices?	+	* Providing training. Are there super users amongst the champions who could need extra training to observe and enforce best practices?
	* Offering positive reinforcement. Are there incentives or methods of recognition that could be used to encourage adoption and achievements amongst users? Would upper management support the introduction of bonuses for those who demonstrate outstanding usage of E-sourcing tools?		* Offering positive reinforcement. Are there incentives or methods of recognition that could be used to encourage adoption and achievements amongst users? Would upper management support the introduction of bonuses for those who demonstrate outstanding usage of E-sourcing tools?
	* Centralising data. Has a plan been put in place to create a standardised storage process? Will resources be consolidated?		* Centralising data. Has a plan been put in place to create a standardised storage process? Will resources be consolidated?
−	* ~~Using the complete resource.~~ Have all aspects of the E-sourcing tools been investigated? Is it possible to encourage users to continue to find new ways to adopt unused resources?	+	* Have all aspects of the E-sourcing tools been investigated? Is it possible to encourage users to continue to find new ways to adopt unused resources?
		+
		+	Note: eSourcing NI is a procurement website for public sector and regulated contracting Authorities in Northern Ireland.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 21:16, 12 November 2020

2020-11-12T21:16:10Z

← Older revision		Revision as of 21:16, 12 November 2020
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	* E-auction.		* E-auction.
	* E-procurement.		* E-procurement.
−	* Managing the procurement process.
−	* Procurement route.
	* Reverse auction.		* Reverse auction.
	* RFx.		* RFx.

Editor at 21:10, 12 November 2020

2020-11-12T21:10:37Z

← Older revision		Revision as of 21:10, 12 November 2020
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	E-sourcing can encompass several aspects of the E-procurement process. This can include actions such as inviting suppliers to tender, managing the tender process, holding electronic auctions and so on.		E-sourcing can encompass several aspects of the E-procurement process. This can include actions such as inviting suppliers to tender, managing the tender process, holding electronic auctions and so on.

−	It is a technology-based (either through software or Internet-based applications) component of E-procurement that gathers data about numerous potential providers to help the customer select a vendor. This method is meant to reduce both the cost and time associated with the procurement process while supporting interactions between customers and vendors.~~<br />~~	+	It is a technology-based (either through software or Internet-based applications) component of E-procurement that gathers data about numerous potential providers to help the customer select a vendor. This method is meant to reduce both the cost and time associated with the procurement process while supporting interactions between customers and vendors.
−		+

	= Background =		= Background =
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	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
		+
		+	* Auction theory.
		+	* Computers in construction tendering.
		+	* Contract notice.
		+	* Dutch auction.
		+	* E-auction.
		+	* E-procurement.
		+	* Managing the procurement process.
		+	* Procurement route.
		+	* Reverse auction.
		+	* RFx.

	= External resources =		= External resources =

Editor: Created page with "= Introduction = E-sourcing is also referred to as electronic sourcing or strategic sourcing. Note: It is not meant to be confused with eSourcing NI, the procurement website for..."

2020-11-12T21:07:02Z

Created page with "= Introduction = E-sourcing is also referred to as electronic sourcing or strategic sourcing. Note: It is not meant to be confused with eSourcing NI, the procurement website for..."

New page

= Introduction =

E-sourcing is also referred to as electronic sourcing or strategic sourcing. Note: It is not meant to be confused with eSourcing NI, the procurement website for public sector and regulated contracting Authorities in Northern Ireland.

E-sourcing can encompass several aspects of the E-procurement process. This can include actions such as inviting suppliers to tender, managing the tender process, holding electronic auctions and so on.

It is a technology-based (either through software or Internet-based applications) component of E-procurement that gathers data about numerous potential providers to help the customer select a vendor. This method is meant to reduce both the cost and time associated with the procurement process while supporting interactions between customers and vendors.<br />

= Background =

The traditional sourcing process used paper-based project management spreadsheets, checklists and RFx (RFQ, RFI, RFP) tools supplemented by phone calls, meetings and other information dissemination and distribution methods.

E-sourcing tools make use of technology to help update these aspects of the sourcing process and more. They are designed to enhance communication and relationships, while improving access to information. They can also facilitate the modernisation of organisations by supporting the adoption of a wider global supply management and supply chain strategy through the use of technology.

= E-sourcing and procurement interactions =

E-sourcing uses Internet and software applications and tools to facilitate online negotiations that encourage price reductions and competition. It is most frequently associated with online auctions (also referred to as E-auctions) in the form of reverse auctions, Dutch auctions, Japanese auctions and others.

This helps to create a procurement process that is well structured and transparent. Ideally, this results in reducing risk by providing terms that are clear to bidders. ([https://econpapers.repec.org/article/inmormnsc/v_3a52_3ay_3a2006_3ai_3a4_3ap_3a581-596.htm E-sourcing in Procurement: Theory and Behavior in Reverse Auctions with Noncompetitive Contracts], Richard Engelbrecht-Wiggans and Elena Katok, 2006).

While this method is often used for conventional purchases (such as business supplies, equipment and so on), it can be used for other procurement tasks as well. Furthermore, not all E-sourcing is used for online auctions. This tech based approach can make use of the project management, RFx programmes and communication tools provided with many E-Sourcing applications.

= The strategy of E-sourcing =

E-sourcing is referred to as strategic sourcing because of the way it is meant to transform the procurement process through continuous improvement. E-sourcing tools capture information that allows procurement professionals to save money and manage risk by identifying several key factors, including:

* What needs to be purchased.
* Who is the best source.
* When is the best time to make the purchase.
* What market factors need to be considered.
* Where is the supplier located.
* Who are the suppliers’ suppliers.

= Possible issues with E-sourcing =

There are some obstacles that may prevent or impede the adoption of E-sourcing. Many of these have to do with the organisation's willingness to accept change and embrace technology.

There are methods to anticipate these circumstances, including:

* Selecting the right E-sourcing tool. What is the purpose of the tool? Will it be used to run auctions or automate processes? Will the tool work with existing technology and will team members feel comfortable using it?
* Getting buy in from upper management. Will the executive team support the decision to move to E-sourcing? Do they understand the purpose of the initiative?
* Introducing E-sourcing properly. Is there a plan to put E-sourcing tools in place? Have champions been identified? Would they be able to encourage others who might otherwise resist anything new.
* Providing training. Are there super users amongst the champions who could be extra training to observe and enforce best practices?
* Offering positive reinforcement. Are there incentives or methods of recognition that could be used to encourage adoption and achievements amongst users? Would upper management support the introduction of bonuses for those who demonstrate outstanding usage of E-sourcing tools?
* Centralising data. Has a plan been put in place to create a standardised storage process? Will resources be consolidated?
* Using the complete resource. Have all aspects of the E-sourcing tools been investigated? Is it possible to encourage users to continue to find new ways to adopt unused resources?

= Related articles on Designing Buildings Wiki =

= External resources =

* Richard Engelbrecht-Wiggans and Elena Katok, [https://econpapers.repec.org/article/inmormnsc/v_3a52_3ay_3a2006_3ai_3a4_3ap_3a581-596.htm E-sourcing in Procurement: Theory and Behavior in Reverse Auctions with Noncompetitive Contracts].

[[Category:DCN_Software]] [[Category:Contracts_/_payment]] [[Category:Procurement]]