eSourcing
xchangewales – eSourcing tools support collaborative working; ensure compliance with EU procurement directives, procedures and best practice; improve visibility and governance of sourcing activity; provide clear and easily accessible audit trails that reduce risk; improve supplier performance; and support the Welsh Assembly Government’s sustainability agenda, sourcing plan and Open Doors Charter.
xchangewales – eSourcing provides procurement professionals and their suppliers with a web-enabled solution that helps to improve efficiency and effectiveness through:
- reduced need for paper, print and distribution, leading to reduced administrative time and costs and improved process efficiencies
- increased use of available time and resources to undertake value added activities including negotiation and vendor management
- increased automation of processes that help to achieve efficient buyer-supplier interactions and reduce tender cycle times
- better informed evaluation of tenders that lead to improved decision-making
- increased use of strategic sourcing activities, including eAuctions, that help to achieve cash savings
- better management of supplier relationships to help achieve best value for the Welsh public purse
Buyers and suppliers, with an entry level PC and Internet access, are able to benefit from using the online tools without investing in IT.