Strategic Sourcing
Use this solution to analyze complex bidding events. Strategic sourcing is a robust system for requesting bids and quotes, awarding events, and analyzing spending patterns and supplier use.
Strategic Sourcing is a web interface that helps organizations manage the full sourcing lifecycle along with the Supplier Portal.
Use Strategic Sourcing to manage these actions:
- Compiling requirements for bids and quotes
- Terms and Conditions necessary for sourcing events
- Responses and questions from suppliers with the ability to compare side by side
- Responses from buyers
- Output types from sourcing events such as purchase orders or contracts
- Buyer weighting criteria
- Amendments
- Award process