Optimization of manufacturing and operational costs leads to the emergence of outsourcing of all possible materials and processes. Companies are going beyond the traditional sourcing approach to the multi-tier sourcing approach, which brings in complexity in procurement and contract management.
Global sourcing is one of the key components of the strategic sourcing plan and procurement strategy for most of the large multinational companies to leverage low labor and material costs along with other business advantages. Many multinational companies use International Procurement Center (IPC) to locally manage sourcing and procurement along with the logistics services.
Manufacturers, distributors, and retailers are extensively using B2B portals and eMarketplace to get access to worldwide market for buying and selling products. Cybage has extensive experience in developing B2B portals for e-procurement and SCM solutions.
Capabilities in Sourcing and Procurement
- Sourcing Management
- Contract Management
- Global Sourcing
- Catalog Management
- Supplier Integration
- Supplier Relationship Management ( SRM )
- Spend Analysis
Manufacturers, distributors, and retailers are extensively using e-procurement solutions for automating business processes related to procurement. Cybage has extensive experience in developing B2B portals for managing procurement, sourcing, invoicing, and payments.