Stakeholder demand—enable procurement teams to partner with business stakeholders for sourcing initiatives. Use the intake request forms to capture essential project details for sourcing fulfillment from stakeholders.
Project tracking—manage and prioritize initiatives, drive collaboration, and measure sourcing impact all in one place.
Sourcing events—execute the sourcing process for goods and services. Set up and publish RFPs/RFIs/RFQs, establish bidding activity with suppliers at scale, and determine the optimal award scenario.
Reverse auctions—manage your pricing for goods or services with the use of reverse auctions, enabling suppliers to compete for bids in real time.
Supplier negotiations—analyze side-by-side comparisons of supplier bids and calculate savings based on the best possible business outcomes within your supply base. Use actionable data and current market trends to provide real-time feedback to suppliers on how to improve bids.
Contract management—centralize contracts in a common repository, gaining full visibility into your entire ecosystem of agreements. Collaborate on contract creation and revisions by seamlessly integrating with Microsoft 365®.
Supplier management—manage onboarding and data collection activities for all downstream transactions. Close the loop on the sourcing process through performance management activities, including quarterly business reviews and development plans.
Savings tracking—align procurement to the organization’s top priorities. Quickly assess savings progress and attribute savings to specific categories or project owners.