Esourcing Solutions

E-sourcing solutions are tools that help organizations electronically find, assess, and select suppliers. E-sourcing platforms enable buyers to create and manage sourcing events, such as requests for proposal (RFPs), online auctions, and supplier questionnaires. These solutions also provide a central repository for all sourcing-related documentation and correspondence.

When used in conjunction with spend analysis and contract management solutions, e-sourcing solutions can provide a complete picture of an organization’s spending. This comprehensive view can help organizations reduce costs, improve supplier performance, and mitigate risk.