E-sourcing is the umbrella for digital tools that structure the sourcing process: posting tenders, collecting supplier responses, evaluating offers, and awarding business. The category has matured from simple RFP portals to multi-criteria live auctions with AI-assisted analysis.
Lexicon entry
E-Sourcing
The use of digital platforms to run procurement events — RFx, auctions, supplier evaluation — replacing email and spreadsheet workflows.