Business Standard writes:
Over the last few years several firms have turned to e-sourcing and are completely sold on the idea.
Last year, Dabur managed to save 10-15 per cent of expenses of Rs 700 crore on raw materials, packaging, sales and travel. In the last four years auto major Tata Motors has spent around Rs 220 crore less on buying components, while Emerson Power Network , which makes UPS systems, has managed to prune expenses on switchgears and magnetics by 10-15 per cent.
Even the public sector Bharat Earth Movers has kicked off online buying and insurance company ICICI Prudential which e-sourced insurance training programme lap tops last year, is now buying furniture and fixtures the same way.
From Diwali gifts, to balance sheet printing almost anything can be e-sourced today.
What is driving companies to buy wares online is the saving that they make on the purchases. Crompton Greaves has in the past two years paid about 10-15 per cent less on its bills for inputs of packaging materials, bearings, stampings and other metal items.