Sourcing — Business Benefits
20 Years of customer focus
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This page has information on how the tools and intelligence empower sourcing teams to drive business success.
“From achieving cost savings to driving best-value negotiation, the tools and intelligence empower an experienced team to accomplish its objectives.”
Achieve cost savings on goods and services
Immediately spot savings opportunities with optimization and decision support tools.
Conduct accelerated and optimized strategic sourcing by leveraging web-based sourcing projects & negotiation
Efficiently exchange information and define requirements, empowered by an online supplier collaboration channel
Reduce off-contract, off-catalog pricing and buying with support for multiple and complex contracts
Drive accelerated, best-value, best-supplier negotiation
Identify and address policy noncompliance with compliance monitoring and management.
Managed workflows
Design and manage approval workflows by leveraging advanced approval workflows & permissions
Review and audit preparedness
Maintain preparedness for reviews and audits, empowered by project and document audit trail reports
Rapid corrective measures
Take rapid corrective measures with alerts, notifications, tracking and linking
Improve stakeholder involvement with online collaboration
Efficiently assess and select suppliers with complete sourcing project management.
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Supplier self-service
Allow suppliers to access and maintain information by leveraging a web-based, self-service supplier portal
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Boost efficiency
Refocus staff time according to objectives, empowered by end-to-end source-to-pay automation
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Policy-driven requisitioning
Enable controlled, policy-driven employee requisitioning with a self-service requisitioning venue
Continuous improvement and collaboration in strategic sourcing
- Best practice templates
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Accelerate and improve sourcing effectiveness with best practice sourcing templates
- Knowledge and measurement capture
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Capture knowledge and measurements for improvement by leveraging closed-loop, integrated processes
- Informed sourcing decisions
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Execute informed sourcing and supplier decisions, empowered by performance tracking and review
- Rapid adjustments
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Make rapid improvement adjustments with corrective action tracking and alerts
