Implementing sourcing processes in intricate areas is quite
challenging task to be highlighted in procurement industry. Generally, in most company’s
procurement procedure is more complicated than simply developing specs, floating
a RFQ, acquiring regular products etc.
However, experts analyzed that when an event is created,
such as an auction and selecting a winner, a number of items may require
specialist software having specific features. The data prerequisites can be
dynamic and two-way. Some other features for instance industry sector may
demand specialist treatment or sector specific expertise.
Instances of complicated commodities could include Courier
and Parcel Services, Travel, Custom Engineering and Property,Human
Resources/Temporary labor and Facilities Management.
A solution fully integrated with e-Purchasing systems may
be the answer to suitable sourcing solution, which will enable all the
procedures to have smooth communication process with suppliers to request and
select candidates, recommended vendors identified and selectable vendors to be
approved and registered, time recording and authorization against purchase
order, invoice generation from time recording for easy matching, all purchasing
data readily available for analysis and also be fully defined within the e-Purchasing solution.
E-commerce can be a hosted HR solution between vendor and
buyer which allows data to be brought back for analysis and approval into the buyer`s
e-Procurement system.
Likewise, sourcing travel is complicated due to the profile
of those traveling, the trip authorization and attaining data from appropriate suppliers
associated with travel, such as international airline reservations system, rail
services, hotel and car hire, and ticketing requirements. Travel Sourcing
solutions store travelers’ information, all journeys requests and approval, verify
booking systems and provide choices, and book selected reservations. Data can
be brought back for approval and analysis via integration into the buyer’s Procurement
process.