Streamline sourcing requests—enable procurement teams to partner with business stakeholders for critical initiatives like fleet maintenance and janitorial services. Use intake request forms to capture essential project details for sourcing fulfillment.
Strengthen sourcing strategy and project prioritization—manage and prioritize initiatives such as expanding sanitation practices or procuring PPE all in one place.
Scale sourcing events—set up and publish RFPs/RFIs/RFQs, establish bidding activity with suppliers at scale, collaborate with stakeholders to compare bids, and identify the best award scenario.
Leverage reverse auctions—manage pricing for goods or services with the use of reverse auctions, enabling suppliers to compete for bids in real time.
Improve supplier negotiations—analyze side-by-side comparisons of supplier bids and calculate savings based on the best possible business outcomes. Use actionable data and current market trends to provide real-time feedback to suppliers on how to improve bids.
Automate contract management—centralize contracts in a common repository, gaining full visibility into all of your agreements. Collaborate on contract creation and revisions by seamlessly integrating with Microsoft 365®.
Improve supplier onboarding and compliance—manage onboarding and data collection for your supply base, ensure critical supplier data is kept up to date for compliance, and assign risk scores based on specific attributes.
Support supplier performance—close the loop on the sourcing process through performance management, including quarterly business reviews and development plans.
Validate savings—identify where savings are realized and how to avoid unnecessary costs. Attribute savings to specific categories or project owners.