Optimization of industrial and operational costs leads to outsourcing of all possible materials and processes. Global sourcing is one of the key components of procurement strategy for many large multinational companies. These companies leverage low labor and material costs along with other business advantages.
Companies are going beyond the traditional sourcing approach to multi-tier sourcing approach, which brings in complexity in sourcing, procurement, and contract management.
Many multinational companies use e-Procurement applications to locally manage sourcing and procurement. Cybage has extensive experience in developing B2B, B2C, and B2G portals for managing procurement, sourcing, invoicing, and payments.
Capabilities in Sourcing and Procurement
- Sourcing management
- Contract management
- Global sourcing
- Catalog management
- Supplier integration
- Supplier Relationship Management (SRM)
- Spend analysis