Procurement Strategic Sourcing In Bangladesh

Collection of data, spend analytics, market analysis, negotiation, and contracting are all part of the process. It does not include the purchase and also payment of goods and services. Our provide strategic sourcing can be tailor to a customer individual requirement, but the basic purpose of our service is to increase profitability by lever a single, integrate system.

01. Negotiations and Procurement

Automated systems can help organizations speed up operations, simplify the digital signing procedure, and create an electronic archive of contracts with renewal alerts. Document digitization, participation in a digital corporate network, and also workflow automation.

02. Deployment and Improvement

If strategic sourcing becomes automated and digitized, businesses may move more quickly, incorporate feedback loops for continuous improvement, and also regularly analyze suppliers to ensure they’re obtaining the best sourcing deals available.

The most obvious benefit of our strategic sourcing in procurement is lower total cost, but redesign the sourcing method can have far reaching implications. Procurement is primed for transformation as firms take advantage of massive amount of existing data and also digitize business operations.

  • Examine the company’s product categories, spending trends, and the procedures and departments involved.

  • Develop a procurement strategy based on your company’s objectives.

  • Create a vendor portfolio by analyzing the provider market.

  • Create criteria and templates for requests for proposals.

  • Select and negotiate with vendors.

  • Integrate new vendors and outsource providers into existing procedures.

  • Monitor performance indicators and adjust the sourcing strategy as appropriate.

Strategic sourcing

Other Services

Collecting Data

Combines supplier data into a single source, allow enterprise to see exactly how much money gets spent where and also allowing vendors to be stream line.

Supplier Discovery

When business can access vendor data via a digitize business network, they may issue RFPs and have vendor compete for the business.

How We Work

We utilize strategic sourcing to improve the procedures less price driven and short sight. Instead, a strategy can help them build an adaptive system that adds to the company overall value over time. The procedure begins with an analysis of business needs and previous spending, followed by the development of a strategy plan and also data collection.


The most obvious aspect of strategic sourcing was lower total cost, but redesign the sourcing procedure can have far-reaching implication. Procurement is primed for transformation as firms take advantage of massive amount of existing data and digitize business operations. The biggest motivation for inside a strategic sourcing suite and also other benefits as well.

Software Products

We offering a frame work for gather information about supplier, goods, markets, and business needs, strategic sourcing software can make the process easier. Larger methods, procure to pay platform, ERP systems, and also sustainable supply chain may include this software. However, products market as strategic sourcing software suites.

We Are There To Help You With All The Services

Our strategic sourcing software combine with a virtual business network boosts productivity, reduces supplier risks, and also saves money. Moreover, we provide procurement strategic sourcing to grow your business.

  • Best purchasing practice

  • Strong Planning

  • Higher performance

  • Strong strategies

  • Updated Market Analysis

  • Stakeholder identification and management

Frequently Asked Questions 

The best services for strategic sourcing in our company are:

  1. Supply market intelligence.
  2. Contract Management.
  3. Category planning.
  4. Also Supplier performance management.
  5. Tail spend management.

Strategic sourcing

Managing sourcing manually with spread sheet can leave holes in the process, and also increase the risk of error and reduce visuality. Digital revolution through a specific platform reduces risk, saves money, stream line operations, and also improves for all stake holder, ensure supply full fill quality, safety, and also cost target.

Eicra Soft. Ltd expert team helps their clients dealing with reduced market for the bonds or shares in your business, which is also may have a long term effect on the value of the business as a whole. Moreover, a limited number of potential investor, who may not desire to invest large amounts individually.

We are available in all social media platform. We replied to each of our clients mail within the short period of time. Moreover our experts are there to receive your calls and help you with the best solution for your problem.

Oil and Gas, vendor Screening, Strategic sourcing, Capital asset management

From strategy formulation to BPM services and technologies, we provide support across all sourcing and procurement management needs.