Manage your entire sourcing, contracting, and spend analysis processes
Manage your entire sourcing, contracting, and spend analysis processes for all types of spend – direct and indirect materials as well as services – all in one place.
E-Sourcing automates contract lifecycle management
8 benefits eSourcing can provide suppliers
Achieve compliance, visibility, and control while cutting costs and risks.
Insight into buyer organization’s culture and structure
Suppliers can benefit by better understanding a buying organization’s mission, vision, and values as stated in the requirements of the RFP or eAuction.
Increased transparency in purchasing process
Participating in eSourcing helps companies better understand a potential supplier’s culture by improving transparency and providing a clearer framework for how an organization is going to market with their goods or services.
Creation of discipline/synergies within the supplier organization
eSourcing events force discipline in the supplier’s sales process. Sales, marketing and product management must collaborate to provide one face to the customer.
Pre-built standard report
throughout this whole process, pre-built standard reports can be downloaded from multiple areas within the eSourcing Portal which minimizes the need for manual intervention or creation of documents – again, saving time and effort.
Further savings through eAuction
eAuction-finally, an eSourcing Portal also allows you to easily run an eAuction at the end of the evaluation process which can be an effective way to achieve further price savings.
Unparalleled competitive intelligence
One of the benefits suppliers find most compelling is that they can see for themselves how they compare to the competition.