As an important organizational function, strategic sourcing plays an increasingly influential role in helping organizations compete and achieve a sustainable advantage in their missions and markets. Using e-Sourcing software to automate the strategic sourcing process allows organizations to make better and faster sourcing decisions, directly impacting the efficiency of their supply chain. A comprehensive sourcing strategy should include the use of spend analysis software and reverse auctions, specifically for the online procurement of direct goods and services.
The use of e-Sourcing tools, specifically online auction software in the procurement process can generate significant cost savings for Fortune companies, small firms as well as government agencies.
e-Sourcing software does more than establish an electronic venue for buyers and suppliers to conduct business-to-business e-commerce. It also streamlines workflows for better supply chain management and spend management. E-Procurement software enhances flexibility and drives transparency between the buyers and suppliers.
Obtain bids / quotes from different suppliers using a single online sourcing portal
Save time by streamline and automating your bid collection process achieving frictionless commerce
Single repository for all supplier responses so that you can compare side by side On Demand
e-Sourcing using reverse auctions can generate significant cost savings by increasing supplier competition for better spend management
Conduct Online Auctions such as Reverse auctions, Forward auctions, Sealed Bid auctions, Japanese Auctions, Dutch Auctions and other additional formats.
Conduct Online RFI (Request for information or Online surveys), RFP (Request for proposal) including scoring based RFI’s and automate the quote collection process
Supplier Information management including complete supplier profiles
Spend management using Spend Analysis software
Automate the Source to Purchase Order (P.O) process
Contract Management for unified access to all your contracts
For optimum total cost of ownership, use the ProcurePort e-Sourcing solution in combination with Spend analysis and managed sourcing services provided by ProcurePort. Enhance your Procurement and Sourcing process for a better supply management and a stronger supply base.
The ProcurePort e-Procurement Software suite provides the critical e-sourcing tools that enable a procurement process delivering better spend management and improved relationship between buyers and suppliers. Whether used independently or integrated with your ERP software such as SAP e-Sourcing, ProcurePort provides the e-Sourcing tools necessary to drive cost reduction in any organizations supply chain.
Learn how ProcurePort’s e-Sourcing software can improves the accuracy and availability of information on both the supply and demand side, facilitating collaboration as well as control and compliance. Fortune Companies as well as Public sector agencies can improve their sourcing process using ProcurePort, Contact us today to request a demo of our e-Sourcing software.
Stay on top of procurement news with monthly ProcurePort updates, feature highlights, and industry insights.
Chat with one of our experts to discuss how we can help bring your business idea to life. Its easy to implement your custom auction solution with ProcurePort.