Sourcing” is the process of selecting a supplier and entering into an agreement to procure materials or services at negotiated prices over a fixed period of time.

“iSourcing” leverages Internet technologies to make the sourcing process faster and more efficient, and promotes increased supplier competition for your business. Research recently reported that firms using sourcing technology saved 10-15% in Direct goods and 20-25% in Indirect goods and services, not to mention significant reductions in sourcing cycle times. The list of companies and independent research groups endorsing e-technologies and iSourcing solutions grows every day.

Features of iSourcing Solution

  • Request for Information
  • Request for Quotation
  • Bid Analysis
  • Directed Negotiation
  • Supplier Performance Ratings
  • Electronic Document Exchange
  • Bid History
  • Excel Export / Import
  • Templates for repeating RFx and auctions
  • Reverse & Forward Auctions and many more ……….