What is eSourcing?

eSourcing enables procurement professionals to leverage technology to gather information about suppliers and make supplier selection more efficient. Access to a wide range of suppliers, improved transparency between buyers and suppliers, and cost savings opportunities are some of the key advantages of harnessing sourcing technology.

eSourcing saves procurement professionals time, and because procurement documents are kept in one place, it also enhances compliance. Learn more about GEP’s procurement software  and procurement managed services.

Related Terms

What is E-Procurement?What is Enterprise Resource Planning (ERP)?What is Enterprise Resource Planning (ERP) System?What is Ethical Procurement?What is eTender?