Strategic Sourcing SaaS solution optimizing direct/indirect spend through automated scenario analysis, configurable rate management, and savings oversight.

Key Features

Automated Scenario Comparison Enables multi-scenario analysis for optimal supplier awards

• Rapid creation of comparative sourcing scenarios
• AI-driven decision support for bid evaluations
• Pre-configured reporting templates

Configurable Rate Management Dynamic pricing adjustment without full renegotiation

• Flexible contracted price repositories
• Real-time rate modifications
• Supports direct and indirect spend categories

Savings Pipeline Oversight End-to-end visibility of procurement value generation

• Tracks cost reductions, avoidance, and efficiency gains
• Monitors revenue-generating initiatives
• Collaborative dashboard for stakeholder alignment

Benefits

Cost Optimization

• Average 12-18% savings through competitive eAuctions
• Reduces maverick spending via contract compliance tools

Supply Chain Resilience

• Dual sourcing recommendations mitigate disruption risks
• Supplier performance analytics for base rationalization

Workflow Efficiency

• 60% faster RFx creation with guided templates
• Automated bid scoring eliminates manual analysis