Final answer:
The statement is true as e-sourcing encapsulates a variety of electronic procurement methods for identifying, evaluating, and collaborating with suppliers. It enhances efficiency and extends the organization's reach to a broader supplier base, using tools like e-RFQs and e-auctions to manage the entire procurement process.
Step-by-step explanation:
True, e-sourcing does refer to various procurement methods utilizing electronic platforms to find, assess, engage, negotiate with, and collaborate with suppliers. This process leverages technology to streamline purchasing activities, making the procurement process more efficient and cost-effective.
By using e-sourcing methods, organizations can access a broader range of suppliers, enjoy less geographic limitations, significantly reduce processing times, and achieve better value in the goods and services they acquire. The effectiveness of e-sourcing is often enhanced by tools such as e-RFQs (electronic Request for Quotations), e-auctions, and online supplier management systems.
These tools aid in conducting market analysis, supplier discovery, tender submission, and contract management. Therefore, it is clear that e-sourcing encompasses much more than just the initial stage of supplier identification; it is an end-to-end process which, facilitated by electronic tools, covers various stages of procurement.