Strategic Sourcing is the smarter way of sourcing, focusing on getting the best Total Cost of Ownership. Using the right RFX tool to get the best price and terms now, and throughout the vendor contract. Empower your procurement team with the Expenzing Strategic Sourcing suite to help them make the right vendor choice, at the best price, within the stipulated timeline. The suite offerings are powerful, comprehensive and flexible. You can pick and choose a smaller tool from the larger RFX software offering. Modules include RFX Management, Reverse Auctions, and Supplier Empanelment.
A platform for efficient coordination and structured information flow between the sourcing team, internal users, and suppliers. Offer equal opportunities and transparent platforms in vendor selections. Use eSourcing Software for a great start to better Supplier Vendor relationships.
Save a ton of time. Launch a quick RFI to know which vendors can qualify for RFP participation. Shortlist the best relevant vendor options for the best price and terms.
Email collaborations and complicated Excel templates, making your RFP process long and tough to follow? Bid Adieu to the pain of a complicated RFP! Use RFX software platforms like eRFP and eRFQ to work seamlessly with internal and external stakeholders. The Expenzing RFP Manager automates the entire RFP process from RFP invitations to supplier submissions and management reviews.
Reverse auctions are a proven negotiation methodology for optimal price settlement. They used to be available only to very large organizations for very large sourcing deals. With Expenzing Reverse Auction Manager, it's easy and practical for even mid-sized organizations to use this efficient tool for negotiation. You not only save money, the process is faster, saving the sourcing team considerable time and increasing user satisfaction.
Suppliers do their own entries in the empanelment tool. Stay on the right side of compliance requirements by gathering complete profile information from the supplier, in a timely manner. Workflow the information so that key departments can verify and approve empanelment information. Generate supplier codes to populate in your ERP.