Sourcing

Organizations that maintain top-flight supply bases regularly go out to market, particularly for large and/or strategic initiatives. Sourcing, when done right, is much more than a race to the lowest price but rather an opportunity to maximize alignment and value. To build and maintain an outstanding supply base, it’s critically important to revisit the market and align your supplier relationships with your business priorities, whether that means price, speed, quality, or service level.

Sourcing

Organizations that maintain top-flight supply bases regularly go out to market, particularly for large and/or strategic initiatives. Sourcing, when done right, is much more than a race to the lowest price but rather an opportunity to maximize alignment and value. To build and maintain an outstanding supply base, it’s critically important to revisit the market and align your supplier relationships with your business priorities, whether that means price, speed, quality, or service level.

Sourcing

Organizations that maintain top-flight supply bases regularly go out to market, particularly for large and/or strategic initiatives. Sourcing, when done right, is much more than a race to the lowest price but rather an opportunity to maximize alignment and value. To build and maintain an outstanding supply base, it’s critically important to revisit the market and align your supplier relationships with your business priorities, whether that means price, speed, quality, or service level.

How Vendorful Can Help:

  • Develop sourcing pipelines and build reports to measure progress.

  • Quickly create and deploy sourcing events like RFPs, RFIs, and RFQs.

  • Reverse auctions for accelerating negotiations with suppliers while increasing transparency.

  • Tie sourcing activities back to supplier records for a holistic view of supplier opportunities.

How Vendorful Can Help:

  • Develop sourcing pipelines and build reports to measure progress.

  • Quickly create and deploy sourcing events like RFPs, RFIs, and RFQs.

  • Reverse auctions for accelerating negotiations with suppliers while increasing transparency.

  • Tie sourcing activities back to supplier records for a holistic view of supplier opportunities.