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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 sourcing definition


Understanding the True Cost of Sourcing
In today's twenty-first century, global outsourced business world, the traditional and somewhat simplistic approaches used to measure cost for sourcing

sourcing definition  the True Cost of Sourcing The Shortcomings of Traditional Procurement In today's twenty-first century, global outsourced business world, the traditional and somewhat simplistic approaches used to measure cost for sourcing decisions of direct materials fall short. Procurement history is laden with penny-wise, pound-foolish decisions where the low cost supplier ultimately costs tens or hundreds of millions in lost revenue, lost market share, expedite fees, or write-offs. This goes beyond total landed cost

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Recruitment and Staffing

Recruitment and Staffing functionality allows the user to select and hire the right people with the right skill sets, as well as track the information regarding their recruitment for later analysis. It covers criteria such as Organization Structures and Modeling, Corporate Branding, Sourcing, Applicant Tracking, Assessment and Selection, Governance and Compliance, Vendor Management Systems (VMS) Portal, Recruitment Analytics and Reporting, and Product Technology. 

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Documents related to » sourcing definition

Outcome Sourcing in the Outcome Economy


The move to an outcome economy encompasses radical changes in the core elements of commerce. It requires a whole new way of thinking on the part of both buyer and seller—from buying and selling things to buying and selling outcomes.

sourcing definition  Sourcing in the Outcome Economy Introduction One of the most important developments in supplier relationships is outcome sourcing—moving from buying things to buying results or outcomes. This concept is expressed in the quote attributed to the president of Stanley Tools, Our customers want holes, not drills. What is new is the actual practical application and methods for achieving it. Performance-based Logistics The US Department of Defense (DoD) is moving toward a form of outcome sourcing. Read More

No One Said Sourcing Overseas Would Be Easy


The many challenges and risks that retailers face when sourcing globally could be mitigated with the right software tools. Yet the sad fact is that few information technology systems fully support the complexities and unique requirements of global trade.

sourcing definition  One Said Sourcing Overseas Would Be Easy For all the reasons detailed in The Anatomy of Retail Sourcing Processes , the issue of how to achieve more transparent and cohesive sourcing processes has become a frontline concern for many retailers, driven by boardroom directives to boost margins through the direct sourcing of lower priced international products. For more information and background, please see The Blessing and Curse of Global Sourcing and Supplier Management , Distinctions and Benefits of Read More

Are PLM and Global Sourcing Related? Duh, And How! (Part I)


A number of TEC blog posts have discussed benefits but also the inevitable caveats of white papers (including all too common vendors' self-serving marketing fluff and buzzword verbiage), and about their (un)intended audiences. These posts have even caused some heated debates with other blogging sites and experts on white papers, and I am going to stay away from all that here. My intention here

sourcing definition  PLM and Global Sourcing Related? Duh, And How! (Part I) A number of TEC blog posts have discussed benefits but also the inevitable caveats of white papers (including all too common vendors' self-serving marketing fluff and buzzword verbiage ), and about their (un)intended audiences . These posts have even caused some heated debates with other blogging sites and experts on white papers , and I am going to stay away from all that here. My intention here is rather to acknowledge that, as part of my daily Read More

The Advanced Sourcing and Negotiation Benchmark Report


The wave of e-sourcing that began a decade ago resembled a “crash diet:” it had an immediate and noticeable effect on enterprises. Today’s challenge is to develop new programs that can sustain the benefits of e-sourcing and “keep the weight off.” Find out how employing advanced sourcing strategies can help you positively impact product development cycles, build stronger supplier relationships, and make better decisions.

sourcing definition  for growth exist. Advanced Sourcing Case Study: Score! Enterprise: Broadlane, a supply chain services company focused on the group purchasing in the healthcare industry Category: $26 million in I.V. pumps Strategy Employed: Team scoring for a diverse set of dispersed stakeholders Description: A need for I.V. pumps arose during a period of rising costs (due to certain pump components and an updated specifications). An advisory committee charged with requirements definition and demand forecasting developed Read More

Measuring the Supply Chain Outside Your Enterprise


Since supply chains, by definition, are about the end-to-end inter-enterprise process, we highlight the growing importance of looking outside your four walls when thinking about supply chain performance management. If you are overwhelmed by the number of supply chain measures you are tracking, it’s better to focus your energies on a few that can have a significant impact.

sourcing definition  given the degree of outsourcing in the electronics industry, in many cases the total lead time can stretch over 25 weeks (or 6 months) across the entire supply chain. Second, short product life cycles (constantly improving mega-pixel capability) meant that CCD procurement decisions cascaded downstream and had a significant impact on product mix decisions and promotion campaigns. (Try guessing 6 months before Christmas which camera model spec is going to be hot and how many will sell.) This elevates the Read More

The Challenges that Remain for One Aspiring Global Sourcing Vendor


In the long term, Eqos’s current stature and means may not be enough to maintain its competitive position against current and potential competitors, especially those with significantly greater financial resources, name recognition, and other resources.

sourcing definition  for One Aspiring Global Sourcing Vendor Despite Eqos 's encouraging growth, increasing momentum, cumulative savvy, and indisputable experience as a provider of global sourcing and supplier management solutions for the retail supply chain worldwide (please see the previous parts of this series: One Vendor's Quest to Garner a Global Sourcing Ecosystem , A Retail Sourcing Suite Built on Experience , The Secret of One Vendor's Success in the Retail Supply Chain , and How One Sourcing Vendor's Offerings Are Read More

Engineer-to-Order (ETO ERP)


The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategies, and subsequent software selection.

sourcing definition  to-Order (ETO ERP) The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes Read More

The Blessing and Curse of Global Sourcing and Supplier Management


The appeal of global sourcing is understandable given the benefits of seemingly lower costs. But without discerning hidden challenges and eliminating potential shortcomings, the process may be more costly than anticipated—a situation especially true for companies using inadequate, out-of-date enterprise information technology infrastructures.

sourcing definition  and Curse of Global Sourcing and Supplier Management As discussed in The Gain and Pain of Global Retail Sourcing , for anyone who has not spent the last several years in hibernation or stranded on a remote island, it has become apparent that several market-driving forces have come together to create a perfect storm, one that makes control of the supply side more important to overall business success than ever before. Some of these driving forces include globalization (the prospect of new potential Read More

IP Telephony: Project Definition Guide


You’ve determined the business rationale for embracing Internet protocol (IP) telephony as a strategy. Now it’s worth investing time in the project definition phase, since this will result in a clear statement of requirements that are in line with your objectives. However, how you define the project will depend on the needs of your business and your plans for convergence.

sourcing definition  Telephony: Project Definition Guide You’ve determined the business rationale for embracing Internet protocol (IP) telephony as a strategy. Now it’s worth investing time in the project definition phase, since this will result in a clear statement of requirements that are in line with your objectives. However, how you define the project will depend on the needs of your business and your plans for convergence. Read More

Commodity Software, Best Practice and Competitive Advantage


Can industry-leading practice be found in a commodity software package? If we accept that application software is a commodity, by definition, the answer is no. If a vendor claims industry-leading practice, then it is available to your competition. If we really want to have practices that lift us above the competition, it cannot be in a standard package. Where in the business do we need to be better than best practice?

sourcing definition   Read More

Mistakes in Performance Management


Performance reviews are typically based on the definition of what an employee was originally hired to do. However, appraisal systems fail to address the fact that jobs change as the business environment evolves. Performance management systems should thus deal with critical focus areas rather than basic functions. Appraisal without these objectives in mind risks being a total waste of time.

sourcing definition  in Performance Management Mistakes in Performance Management If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. PeopleStreme Human Capital provides Performance Management software for aligning employee performance appraisal to the strategic plan. Available globally, the software utilizes performance objectives aligned with strategic key performance indicators. Source : PeopleStreme Resources Related to Mistakes in Performance Read More

A Well-designed Solution for Sourcing: Its Technological Foundation and How It Works


TradeStone has developed an application that can be quickly configured to shift data in and out of traditional enterprise planning systems. Organizations can thus more easily intertwine basic procurement information with crucial sourcing data such as specifications, schedules, and statuses.

sourcing definition  to the retail global sourcing market that leverages an organization's information technology (IT) infrastructure. This application operates either on a stand-alone basis, or as a layer into an application mix to cover any global sourcing functional gaps. Built on modern technology and conveniently accessed through simply a web browser, TradeStone's offering, initially named SteppingStones (and recently renamed TradeStone Suit e), supports most of the key functional areas of international buying and Read More

The Intricacies of Global Retail Sourcing


Retailers should aim at curbing traditional firefighting practices in favor of productive planning and collaboration with customers. Retailers must take steps to reconcile these disparate solutions to improve their reaction time and gain maximum leverage from their sourcing activities.

sourcing definition  Intricacies of Global Retail Sourcing Dealing with Conflicting Objectives A few major (and often conflicting) objectives have been driving retailers to turn to information technology (IT) to streamline their sourcing and logistics processes. One objective is the pursuit of lower prices, which often involves excessively extended supply chains to remote, lower cost regions. The other is the quest to shorten cycle times, which is essential—but so is having quality control to ensure that companies get Read More