Financial Services Industry
Industry: Email Alert RSS FeedSupply Chain Management: Links, Not Kinks, In the Chain
Bank Technology News, April, 2003 by John Adams
The search to cut costs in a bear economy is prompting bankers to leave no stone unturned. Supplies and other services financial institutions purchase from external sources are an expense that an increasing number of firms believe can be better managed by using new technology to account for the financial strength of every link on the supply chain.
E-sourcing, or the use of Web-based decisioning tools and other related products and services to manage and negotiate purchases and supplier relationships, is gaining ground with financial institutions that feel they have gotten all they can from recession staples like cutting IT spending, layoffs or delaying projects. Firms like Met Life, Goldman Sachs, John Hancock and Wells Fargo are embracing e-sourcing as a means of...
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