Sourcing

Connecting with the suppliers that best meet your business needs has become critical to competitive advantage. However, traditional sourcing processes, which include slow, manual review of requests for information, proposals and quotes (RFI, RFP, RFQ) have often caused bottlenecks.

Through our global partnership with a leading strategic sourcing solution provider, Basware provides  a collaborative sourcing environment to structure your tenders and streamline the evaluation process with automated bid scoring on price and qualitative criteria. Through optimized and automated electronic sourcing processes, the strategic sourcing solution reduces the time needed to identify the right suppliers from weeks to days. As a result, more organizations can take advantage of electronic tenders than ever before, giving them more opportunities to gain strategic value.

With the strategic sourcing solution, you can easily manage sourcing and auction events and achieve the following benefits:

• Sourcing made simple with easy-to-use tools for building and managing strategic sourcing projects and analyzing RFI, RFP, RFQ responses
• Reduced sourcing times with electronic tendering and auctions that reduce end-to-end procurement cycle times from weeks to days
• Minimized supply chain risk through early risk analysis and avoidance 
• Improved collaboration and compliance with a secure, web-based service, offering transparency and communication history for both buyers and suppliers

Through proven, productized integration points to our strategic sourcing partner, we are able to offer a solution that extends the Basware Procurement solution suite, which includes: Basware Purchase, Basware Catalogs, Basware Contracts, Basware Analytics and Basware Mobile.