ProcuRising Q4 2019

Page 18

MAXIMIZING INVESTMENT

CROSSING THE BRIDGE TO FULL ADOPTION FOR SOURCING TOOLS

By Jane Zhang, Co-Founder & COO, ETCH Sourcing Sourcing is an amazing field because of its ever-evolving nature. Businesses are always coming up with innovative ways to partner with each other, and as the engine behind supplier connections, the sourcing industry is currently in a period of technology innovation and growth to develop new tools in order to support this critical function. 16

These days, sourcing has more options than ever to augment its toolkit to better service the businesses they support. With such a wide array of different products on the market that can support the various sourcing functions, ranging from full end-to-end solutions to specialized technology that excel in servicing specific needs, the challenges faced by sourcing leaders are selecting and adopting the right tool and features to elevate their teams’ delivery capacities. Similarly, organizations are further recognizing the value sourcing has to offer and are taking the steps to invest in the tools to support these teams.


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