We deliver a comprehensive indirect spend management application that offers complete visibility across the procuretopay process. Find the best suppliers, accelerate sourcing cycles, manage current and future savings and build a secure online contracts repository, all in one intuitive software suite. Strategic sourcing platform for procurement teams bonfire. With anaplan, your team can analyze the current situation, evaluate whatif scenarios, and make betterinformed decisions from a single source and view of the data. Rfp management software that transforms how organizations request information. Source ones it strategic sourcing experts can help identify your software licensing and maintenance needs, match software suppliers and solutions to your requirements, and provide visibility into the best software pricing available in the market.
Enable collaborative strategic sourcing by actively engaging internal customers in a decisionmaking process that incorporates external data. You can use the budget planner tool to adhere to an efficient procurement management plan, and exercise appropriate spend control during negotiations. Automating processes can improve savings identification, increase collaboration, build stronger. Everybody plans, and strategic planning is a crucial process for every business. Using esourcing software to automate the strategic sourcing process allows organizations to make better and faster sourcing decisions, directly impacting the efficiency of their supply chain. What happens if your sourcing events are not managed well. Strategic sourcing solutions and software discover qualified suppliers, speed up your sourcing cycles, and create the most competitive, bestvalue agreements for sustainable savings with all your sourcing needs.
Strategic sourcing software takes managers through the following steps of the strategic sourcing process. Strategic sourcing aims to achieve the lowest total cost of ownership tco along with minimal supply chain risk. Departmentwide contract vehicles commodity families for departmentwide contract vehicles at the department of homeland security. Whereas procurement software is more traditionally associated with the actual monetary transactions of purchasing, sourcing software is concerned with. Strategic sourcing refers to making supply chain management decisions with the intent to create distinctive value and to achieve a competitive advantage. But the csuites expecting more from procurement value beyond savings. The lifecycle model below is typical of the 67phase strategic sourcing procurement methodologies used by many consulting organisations and implemented as part of the strategic sourcing. Coupa sourcing software leverages coupas cloud platform for spend analytics, contract management, supplier information management, procurement, invoicing, travel and expense management, and the coupa open business network. Transportation procurement has become a key tool in leveraging a. Arm yourself with real data so you can make better decisions with more confidence.
Category management is an approach the federal government is applying to buy smarter and more like a single enterprise. Sourcing software streamlines the procurement process with rfp creation tools. Accenture strategy specializes in procurement visioning and strategy definition, including the impact of digital disruption and technology, value targeting by the function, blueprinting the future procurement operating model, optimizing spend demand management in the context of zerobased budgeting, strategic planning and sourcing. Fast track your research by exploring our data quadrant, sorting the software, purchasing our strategic sourcing category report, or diving deeper into an individual product. Strategic sourcing is an ongoing process requiring multiple sources of information. What is strategic sourcing and why is it important. The strategic sourcing manager will manage the end to end sourcing of software suppliers including oracle, sap, salesforce, microsoft, etc. Your overall productivity and business efficiency may suffer on account.
Confidently identify the best sourcing opportunities to drive the most value for your business with coupa strategic sourcing solutions. Whether purchasing goods or services, a few items or a few thousand items, procureports eauction tool can generate signi. The new sexy in procurement strategic category management gep. Strategic sourcing software jaggaer procurement platform. Software category management a key business value enabler. Sourcing software solution strategic sourcing software. Leverage sourcing best practices, streamline and automate on one unified sourcing and procurement platform native to cloud, mobile and touch technologies.
Category management enables the government to eliminate redundancies, increase efficiency, and deliver more value and savings from the governments acquisition programs. Sap ariba strategic sourcing suite extends the functionality of our industryleading sourcing solutions into managing the more advanced requirements of direct materials sourcing. Allinone supply collaboration platform with features such as procurement, supply chain. Strategic sourcing application suites are a set of related, integrated solutions that support upstream procurement activities. Bonfire strategic sourcing platform procurement software. Supply chain leaders must deliver savings not just at the quote level, but across the entire spend ecosystem. Sap ariba solutions seamlessly connect virtually every step and piece of data across the sourcetopay process to help you control spending. Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so an organization can use its consolidated purchasing power to find the best. This means moving beyond sourcing as simply a onetime event. Dhs category management and strategic sourcing homeland. Bonfire strategic sourcing software is an easytouse procurement platform for public sector, offering esubmission, rfx evaluation, and contract management. It also streamlines workflows for better supply chain management and spend management.
Strategic sourcing solutions strategic sourcing process. Source ones it strategic sourcing experts can help identify your software licensing and maintenance needs, match software suppliers and solutions to your requirements, and provide visibility into the best software. The importance of strategic sourcing for your business cbx. Dhs category management and strategic sourcing we develop departmentwide contract vehicles and implement category management by working closely with industry to understand the direction of the marketplace and how we can incorporate innovative approaches, solutions or products to meet our customers requirements. Sourcing management supply chain management software scm. You need something pervasive, something that raises the game strategic category management. When strategic sourcing results in a contract solution, competition is.
Sourcing management system for business procurement tradogram. Strategic sourcing is an institutional procurement process that continuously improves and reevaluates the purchasing activities of a company. Sap ariba is the strategic sourcing suite you need to speed up your sourcing cycles, discover qualified suppliers, and achieve sustainable savings. Spend analysis the first stage of strategic sourcing is for the system to initiate a spend analysis to identify areas in which spend could be decreased through new sourcing projects. Software licensing and maintenance strategic sourcing expertise. Bonfire strategic sourcing platform empowers procurement teams and stakeholders to come together to make better purchasing decisions. Coupa sourcing sourcing management software makes it quick and easy to get to the best market price for all your goods and services. In the services industry, strategic sourcing refers to a service solution, sometimes called a strategic partnership, which is specifically customized to meet the clients individual needs. Strategic sourcing solutions and software sap ariba.
Smart by gep features the most powerful and effective set of management sourcing tools available to enterprise procurement teams today. Strategic computing software category management a key. Strategic sourcing involves developing a proactive, holistic, and continuous evaluation and reevaluation of the sourcing activities in an organization. The ultimate guide to strategic sourcing purchasecontrol. Eprocurement software enhances flexibility and drives transparency between the buyers and suppliers. Sourcing and eventday management assistance, including levelone help for both buyers and suppliers. Having collaborated with several leading global enterprises to increase the spend under management to billions of dollars, gep delivers more than a dozen years of logistics procurement experience across. Bonfire strategic sourcing platform empowers procurement teams and. In this blog we tried to explain the difference between strategic sourcing vs.
Product sourcing software automatically compiles data for the global supply chain, letting you focus more time on product innovation and less time on critical path management. Home software procurement software category management a key business value enabler. In the services industry, strategic sourcing refers to a service solution, sometimes called a strategic. Online auctions are an integral part of the strategic sourcing process. While onsite, gep staffers typically drive program management, engage functional stakeholders, support change management. Slingshots strategic sourcing software automates the process of identifying, on boarding and monitoring critical supplier relationships extending the capabilities of the core purchasing application. Scout is a cloudbased, saas for buyers and suppliers. Strategic sourcing supports the informationgathering process that takes place before actual purchases are made. Strategic sourcing outsourcing services, procurement strategy.
Your business may miss out on the best suitable supplier. Streamline your daytoday processes from tendering and auctions, to contract management. Operate compliantly by pushing procurement demand into sap ariba sourcing and transferring the sourcing award to sap erp. Gep is a leading provider of strategic sourcing services which help organizations effectively execute their sourcing strategies and save billions in spend.
Turn paper savings into cash savings with every purchase. Strategic sourcing for software, web, and app development. With anaplan sourcing management software you can create, share, and collaborate on sourcing plans with all of your stakeholders. Your business may witness a plummet in cost savings. In terms of function, strategic sourcing software tools work to facilitate communication, generating todo lists and sending alerts when appropriate so everyone stays on task and on time. Zycus esourcing solution provides you with the scalable erfx engine. This individual will be responsible for supporting the sourcing. Gep smart features the most powerful and effective set of management sourcing tools available to enterprise procurement teams. Sure, strategic sourcing is a great way to drive cost reductions and savings. The bestpractice templates for projects, sourcing events, contracts, and more are based on geps global procurement expertise.
We then configure and empower our esourcing software to meet your specific procurement objectives, so that you gain the power to influence business performance through. To operationalize strategic sourcing of direct materials, you need an endtoend process that integrates your sourcing, contracting, and supplier management processes. Sourcing management supply chain management software. While onsite, gep staffers typically drive program management, engage functional stakeholders, support change management and oversee implementation. Watch our demo to see the difference our software can make. Logilitys strategic sourcing, vendor score cards, supply base management, vendor on boarding and more can help you make optimal sourcing decisions. Information is gathered and used to enable an organization to leverage its consolidated purchasing. Integrate sourcing, contracting, and supplier information and performance management with sap ariba strategic sourcing suite. Coupas secure online selfservice user experience allows managers to create sourcing events leveraging templates, rfq, and rfx tools. Instant visibility into savings and event statistics.
This software is sometimes part of larger procurement systems, procuretopay platforms, erp systems or supply chain management systems. Geps strategic sourcing consulting operation has a strong presence worldwide one that rivals the betterknown, highly specialized strategic sourcing companies. Strategic sourcing for software, web, and app development and integration source one provides the resources and market intelligence you need to reduce costs and identify the bestfit software, web, or. The strategic sourcing program office develops departmentwide contract vehicles and is responsible for implementing category management at dhs. This easily extends the reach of sourcing across your entire organization. Bonfire is a cloudbased strategic sourcing solution. Bonfire centralizes your sourcing and vendor management on one cloudbased platform, making it easy to build strong bids and rfps, receive vendor submissions, engage evaluators, and manage awarded contracts online.
The best strategic sourcing software on the market. Nov 06, 2016 we use lot of terms like strategic sourcing, procurement andor purchasing. Whereas procurement software is more traditionally associated with the actual monetary transactions of purchasing, sourcing software. Our business planning software enables your team to create budgets, forecasts, and models in less time and with greater accuracy, so you can focus your time on analysis and strategy. The right sourcing and procurement software is a critical component of successful strategic transportation management. Spend analysis pinpoints unnecessary costly supplier relationships by comparing current spend to other market options. Gep smart is a unified, procurement software platform with endtoend sourcetopay s2p capabilities, comprising comprehensive spend management tools, such as spend analysis, strategic sourcing, savings tracking, contract management, category management, supplier management. Strategic sourcing outsourcing services, procurement. Strategic sourcing solutions optimize supply chain i ivalua. The importance of strategic sourcing for your business. Scout rfp makes strategic sourcing simpler, smarter, and more streamlined than ever before. Transportation sourcing and procurement software alpega.
Tradograms procurement software can be configured to provide more than just esourcing tools. Multiply sourcing impact with seamless purchasing integration. Strategic sourcing manager software 1433232 michael page. Strategic sourcing is a set of software modules that help to select the right suppliers for the needs, to savings starts. Trust cbx software to bring twentyfour years of expertise to the table to offer you and your business the smart, efficient digital tools for all your sourcing needs. Supply chain leaders must deliver savings not just at the. It supports a closedloop, digital, and sourcetocontract process for direct materials sourcing. Bonfire centralizes your sourcing and vendor management on one cloudbased platform, making it easy to build strong bids and rfps, receive vendor submissions. Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. Oct 01, 2019 sourcing management tools, including strategic sourcing software, manage everything from supply chain to staying within the parameters of your critical path. You also need to monitor your supply base to ensure suppliers meet performance metrics and compliance requirements.
It embraces the internet to integrate vendors into your procurement workflows. Get simple and insightful procurement management software with workday. Sourcing being strategic and proactive in your sourcing activities is key to expediting timetomarket. Drive faster roi with your sourcing solutions by tapping our teams. Given the importance of global sourcing software solutions, identifying the best sourcing software suppliers is more important than ever. Scout rfp, a workday company, makes it a breeze to collaboratively run sourcing events, streamline supplier selection and engagement, and accelerate. Run any type of sourcing event, from the most routine to the.
Sourcing software streamlines the procurement process with rfp creation tools, supplier management, bidding auctions, and savings reporting. Sourcing software gep smart features the most powerful and effective set of management sourcing tools available to enterprise procurement teams today. Ease change management and drive user adoption with integrated global product support and valuable sourcing support desk. Its intuitive, cloudbased platform encompassing everything from project intake through sourcing pipeline to contract and supplier management to rfx and reverse auction tools closes the loop on sourcing and, in the process, empowers collaboration, centralizes data, makes processes more. Coupas secure online selfservice user experience allows managers to create sourcing. Gep smart is a unified, procurement software platform with endtoend sourcetopay s2p capabilities, comprising comprehensive spend management tools, such as spend analysis, strategic sourcing, savings tracking, contract management, category management, supplier management, and procuretopay. So, far from being just another strategic sourcing tool, gep smart is where sourcing forms a critical link in the chain from savings opportunities to realized savings. Category management and strategic sourcing defined. Strategic sourcing is an approach that procurement organizations use for supply chain management.