Key features

• Planning
• Guided buying
• Quick Quotes
• Opportunities Portal
• Cost control
• Frameworks
• Dynamic Purchasing System (DPS)
• Outcomes and evaluations

How Sourcing Management will benefit your business

Digitise complex processes Reduce manual admin and streamline procurement activities. Better relationships Deliver an enhanced supplier experience with Quick Quotes and the Opportunities Portal. Strategic sourcing Ensure activities align with strategic goals across ESG and business objectives.

Features and benefits

Sourcing planning

Investigate and plan important sourcing details such as cost, approach, associated dates and other items to ensure good strategic and compliant purchases. Monitor each stage of the process with a clear process and structure including a checklist of required items that need to be completed before approaching the market.

Guided buying

Sourcing Management includes an intuitive pre-built wizard to guide the users through the buying process with easy request navigation, empowering your team members and ensuring low-friction compliance with procurement processes.

Quick Quotes

Provide a friction-free client experience with the Quick Quotes module. Send quotation forms directly to suppliers for a faster pricing quotation compared to publishing full tenders. Receive pricing, delivery dates, and documentation from existing onboarded suppliers with a simplified quote form.

Opportunities Portal

Provide greater opportunities for your suppliers, reduce the manual efforts and build greater relationships by allowing them to respond directly to opportunities, whether this be for a request for quotation or open approaches to the market. Reduce the effort spent on administration tasks during the at-market phase of a sourcing activity by digitising responses, clarifications and addenda.

Cost control

Configure delegations, approvals and endorsements at every step. Break down expected expenditures and ensure team members are equipped with the appropriate budgets before sourcing activities begin. 

Frameworks

Create framework records that allow users to easily utilise existing frameworks when undertaking sourcing activities, reducing the amount of effort and time required to source goods or services, as well as ensuring that spend is guided towards approved suppliers.

Outcomes and evaluations

Evaluate the responses received and notify suppliers of the outcome with ease. Award contracts to successful suppliers with the built-in contract management features, when utilising our Contract Management solution. Results are summarised into a financial indication of the value approved, versus the value of the awarded contract and any remaining value.