ESiC e-Sourcing is a suite of independently-functional and seamlessly-interconnected cloud-based SRM (Supplier Relationship Management) systems, covering all aspects of purchasing an enterprise may encounter.

On one hand, our e-Sourcing system builds on sounded academic theories, such as purchase excellence from Dr. Monczka’s strategy matrix from KJ’s, and it incorporates many of ESiC’s proprietary models extracted from decades of proven cases on the other hand. The entire e-Sourcing suite strives to provide all the functions and features wanted by sourcing and purchasing personnel. ESiC is also a constantly-evolving system so that it can always address any user-scenario in real practices. 

e-Sourcing Consists of 12 Modules

The 12 interconnected & independently deployable modules are: 

An enterprise will gain the benefit of streamlining source-to-order when e-Sourcing and ERP systems are synchronized. e-Sourcing is interfaced with all major ERP products in the market in real world cases. Firstly at the front end, e-Sourcing feeds qualified supplier, qualified material price and vendor information into ERP.  Then at the back end, our e-Sourcing system receives real-time information on orders from ERP, triggering it to track order fulfillment status interactively with suppliers, and eventually returning results to ERP.

An enterprise will also get the best of product development when e-Sourcing is deployed along with PLM (Product Life Cycle Management) system . Each time a new product development project is launched from PLM, it will initiate e-Sourcing for new material sourcing process so as to achieve the objective of engaging suppliers early on in the development phase. The most updated material sourcing result fed from e-Sourcing back to PLM completes one of the key data sets for PLM function. 

Purchasing Strategy Plays Core Function in e-Sourcing, thus ESiC e-Sourcing a Strategic SRM System (S-SRM)

More than a conventional SRM system which guides operational procedures of sourcing and purchasing, ESiC e-Sourcing takes a strategic approach in positioning its SRM.  ESiC believes that all operations should serve the strategic purpose of a corporation, so our e-Sourcing system cannot over-emphasize the importance of purchasing strategy. In e-Sourcing, the Purchasing Strategy module shall first be used to formulate a purchasing strategy in alignment with an enterprise’s overall goal and strategy. The derived purchasing strategy then governs the priorities and objectives to be achieved by all the operating modules conducting the functions of category management, supplier development and performance monitoring, cost reduction planning and risk management. Differentiating itself from other SRMs, ESiC’s e-Sourcing system is regarded distinctively as Strategic-SRM (S-SRM). 

When SRM venders are trying to deliver the value of bottom-line from cost-saving on purchasing operations, ESiC e-Sourcing’s unique positioning as an S-SRM adds to a company’s strategic value, which is a contribution to the top-line increasingly being recognized.

e-Sourcing uses insight of big data, contributing to competitiveness

Compete and win with Digital Sourcing

First of all, it is very typical that purchasing spending amounts to more than 60% of a company’s total revenue. Apart from cost impact, supplier performance overall carries increasingly significant weight for a company to compete in the market on speed, quality, service, innovation, and customization. Undoubtedly, a company has to embrace digital sourcing in order to stay competitive in the ‘Industry 4.0’ era.

It will not be long until digital sourcing brings profound impact on enterprises and shapes the competitive landscape of the market, especially when sourcing big data is accumulated and analytical insights are derived. 

Through the analytical features built in to each module and a 360-degree combinational review, our e-Sourcing system can extract significant amounts of business intelligence via its real-time statistics. It outputs important information to all levels, keeping operations in check and strategic objectives on track.  A company’s senior management can have reliable metrics to evaluate and to predict its supply chain capability as well as its own organizational strength in supply chain management.