Sourcing
The Sourcing Module simplifies and enhances your tendering and auction processes. Whether procuring goods or selling them, it ensures fair competition, transparent communication, and effective decision-making. The module helps you secure the best value while maintaining a transparent and streamlined sourcing approach.
Features
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Market Research
Conduct thorough market research to gather valuable insights from potential suppliers.
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Tender Publication
Easily create and publish tenders to reach the right suppliers.
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eAuction
Conduct dynamic auctions for procurement or sales, fostering competitive offers.
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Proposal Evaluation
Evaluate bids and approve proposals efficiently, ensuring compliance and value.
Market Research
Use RFQs to request detailed pricing and terms, explore solutions and proposals for complex needs, and assess market trends and supplier qualifications.
Tender Publication
Build and launch tenders in just a few clicks. Define requirements, set timelines, and distribute opportunities to qualified suppliers. Whether you’re buying or selling, ensure the right partners see your offer at the right time.
eAuction
Run real-time auctions to drive better pricing—whether you’re procuring goods or selling surplus stock. Encourage competition, track bids live, and close deals faster with full transparency and control.
Proposal Evaluation
Evaluate bids and approve proposals efficiently, ensuring compliance and value. Compare supplier proposals with ease using predefined criteria. Involve key stakeholders, maintain audit trails, and make confident, compliant sourcing decisions based on value, not just price.
Why Use the Sourcing Module?
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Transparency
Ensure a fair and open bidding process.
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Better Deals
Drive competitive pricing through eAuctions.
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Flexibility
Use forward auctions for selling goods as needed.
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Efficiency
Simplify complex sourcing processes into manageable steps.
