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Home » Does the Cloud Mean the Future Belongs to Sourcing Vendors?

Does the Cloud Mean the Future Belongs to Sourcing Vendors?

June 25, 2013
EBN Online

The advent of the web has fundamentally transformed the supply chain like no other category of business. Sourcing vendors realized that the only way to tap into the sourcing and spending patterns that are evolving globally is to leverage cloud-based technology.

Through these investments, sourcing vendors have become more connected and increasingly mobile. Consequently, these organizations have closely integrated with partners in an effort to eliminate product mismatch, provide up-to-date availability information, and generally avoid other problems arising from the lack of a common data/platform.

Today, the cloud is further transforming the nature of sourcing itself. This online platform enables the adaption of new crowdsourcing strategies in which prospective suppliers (not only those providing goods but also those providing intellectual labor and professional services) compete in a global marketplace on a bid-by-bid basis.

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Keywords: sourcing solutions, SaaS, supply chain management, supply chain solutions, supply chain management IT

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Cloud & On-Demand Systems Sourcing/Procurement/SRM Technology Consumer Packaged Goods High-Tech/Electronics
KEYWORDS Cloud, SaaS & On-Demand Systems consumer packaged goods EBN Online High-Tech/Electronics saas Sourcing Solutions Sourcing/Procurement/SCM Supply Chain Management supply chain management IT supply chain management: sourcing and procurement solutions supply chain solutions Technology
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