E sourcing Software: Get the most competitive deals with Suppliers

What is offered within sourcing software: functionality and benefits

The core features of sourcing solutions include:

• supplier onboarding:  through customizable registration forms, typically offered to suppliers as a self-service feature as well as automated pre-qualification for suppliers against compliance requirements, as well as setting up workflows for approval of suppliers.
• RFX Management:  by using collaboration tools to define the requirements for a service or product and select the most suitable suppliers with stakeholders involved and RFx templates. It also automates scoring and cross-comparisons of supplier proposals.
• eActions Management:  by using templates for the creation of auction events, setting up criteria to be used for nominations (assigning weights to quality, cost, capacity criteria, etc.) and bidding conditions, in real-time auction monitoring and notification of updates to the participants.
• Contracts Management:  using a central contract repository and templates for contracts automated contract routing for the approval of internal stakeholders, and alerts about the expiry of contracts. Access to information on contracts may be restricted based on the users' roles.
• Supplier Data management:  with profile storage for supplier profiles as well as catalogs of services or products offered by suppliers’ creation and a search engine that allows you to quickly retrieve the data you require and self-service features for suppliers to manage their data.