Onventis Sourcing & Auctions is a cloud-based software solution designed to digitalize and automate the sourcing and auction processes within procurement. The platform supports organizations in identifying, evaluating, and selecting suppliers, and facilitates competitive bidding through electronic auctions. It aims to improve procurement outcomes by increasing transparency, efficiency, and cost savings, while reducing manual effort and procurement risk.

Key Features

Supplier Identification & Evaluation Digital tools to find and assess suppliers for quality and reliability.

• Centralizes supplier information and performance data.
• Enables structured evaluation and qualification processes.

Competitive Bidding & Auctions Facilitates electronic requests and auctions for supplier offers.

• Suppliers submit bids in real time.
• Promotes price competition for better contract terms.

Real-time Insights & Analytics Provides up-to-date data on sourcing and auction activities.

• Dashboards and reporting for performance monitoring.
• Supports data-driven decision-making.

Risk Mitigation Assesses supplier risk factors to minimize procurement disruptions.

• Evaluates financial stability and geopolitical risks.
• Enforces compliance with legal and ethical standards.

Global Supplier Collaboration Enables access to a broad supplier base.

• Supports international sourcing and multi-location management.
• Facilitates collaboration across regions.

Benefits

Cost Savings Achieves better pricing and terms through competition and negotiation.

• Identifies the most competitive suppliers.
• Reduces procurement costs via improved deals.

Process Efficiency Automates manual procurement tasks for faster sourcing cycles.

• Reduces time spent on supplier communication and selection.
• Streamlines the end-to-end sourcing workflow.

Quality Improvement Ensures suppliers meet defined standards for quality and reliability.

• Structured evaluation leads to higher supply chain quality.
• Reduces risk of supplier failure or non-compliance.

Transparency & Control Enhances visibility into procurement activities and supplier performance.

• Real-time data supports proactive management.
• Centralized platform improves governance.