Sourcing Planned and Savings Tracked
A sourcing pipeline and saving tracker are two perspectives on the same data. Looking into the future, procurement teams can identify and plan savings opportunities and enter them. Later, they can look back and generate reports around realized savings.
Track All Your Projects and Your Progress
Did you know that some procurement teams are run like sales teams? Members have quotas but for savings rather than for new business.
See your org's entire sourcing pipeline
Add Items to Your Pipeline
Vendorful allows individual members of the sourcing team to add and manage pipeline items while providing a holistic view to executives.
See your org's entire sourcing pipeline
Completely Configurable
All organizations in Vendorful can set up their pipelines — and the data capture inside them — in accordance with their own rules and processes
A configuration all your own
See how you can plan and measure savings.
The broad mandates to lower costs impacting most procurement departments, tracking savings is more important than ever. Vendorful's sourcing pipeline and savings tracking software put this data at your fingertips.
Features at a Glance
Tight integration with category management
Customizable configuration
Support for multiple currencies
Progress and status tracking
Individual and executive views
Configurable searching and sorting
Multi-currency support
Turnkey savings tracking
Notifications and reminders
Why do I need a sourcing pipeline?
Planning to run some RFPs this year? How about a few reverse auctions? Phone calls to negotiate updated pricing? Using a sourcing pipeline, you can identify specific categories or contracts to be sourced/updated, a time frame for the activity, the key stakeholders to be involved, and the resources that you need support these projects.
