The Power of Strategic Sourcing: How Supplier Engagement and Technology Can Boost Your Procurement Function

Procurement is no longer just about finding the cheapest price for goods and services. Instead, it’s about finding suppliers who can provide the best value for your organization. This is where strategic sourcing comes in. What is Strategic Sourcing? Strategic...

April 6, 2023

News and Events

Simfoni Acquires EC Sourcing Group, Further Accelerating Growth and Momentum

Simfoni, a leader in digital procurement solutions, partners with a prominent supplier of eSourcing and award optimization solutions to create market leadership in strategic sourcing technology. Tweet Simfoni – the world’s most accessible digital procurement vendor, has started the new...

January 9, 2022

Spend Management

How to Quickly and Successfully Manage Indirect Spend

In a recent article in Forbes “Follow the Money: Five Ways to Improve Your Bottom Line By Taking a Closer Look at Spending Habits.” Jason Stern outlined the key areas to focus on to improve profitability through Spend Management. Building...

September 13, 2021

Supplier Management

What is Supplier Management? Why and How it is Implemented?

In Procurement, Supplier Management refers to the meticulous process of managing and improving interactions with third-party vendors that provide goods or services. This includes assessing the suppliers’ strengths and capabilities in the entire lifecycle of a supplier in an organization...

May 10, 2021