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Home : Solutions : Sourcing : Business Benefits

solutions

LEVERAGE TOOLS AND INTELLIGENCE THAT DRIVE SUPERIOR RESULTS

Leverage Empower Succeed
  • Optimization and decision support tools
  • Web-based sourcing projects & negotiation
  • Online supplier collaboration channel
  • Support for multiple and complex contracts
  • Immediately spot savings opportunities
  • Conduct accelerated and optimized strategic sourcing
  • Efficiently exchange information and define requirements
  • Reduce off-contract, off-catalog pricing and buying
Achieve cost savings on goods and services
  • Compliance monitoring and management
  • Advanced approval workflows & permissions
  • Project and document audit trail reports
  • Alerts, notifications, tracking and linking
  • Identify and address policy noncompliance
  • Design and manage approval workflows
  • Maintain preparedness for reviews and audits
  • Take rapid corrective measures
Drive accelerated, best-value, best-supplier negotiation
  • Complete sourcing project management
  • Web-based, self-service supplier portal
  • End-to-end source-to-pay automation
  • Self-service requisitioning venue
  • Efficiently assess and select suppliers
  • Allow suppliers to access and maintain information
  • Refocus staff time according to objectives
  • Enable controled, policy-driven employee requisitioning
Improve stakeholder involvement with online collaboration
  • Best practice sourcing templates
  • Closed-loop, integrated processes
  • Performance tracking and review
  • Corrective action tracking and alerts
  • Accelerate and improve sourcing effectiveness
  • Capture knowledge and measurements for improvement
  • Execute informed sourcing and supplier decisions
  • Make rapid improvement adjustments
Ensure best-practice continuous improvement in strategic sourcing

LEARN MORE ABOUT EPIQ SOURCING