Best Strategic Sourcing Software

Products within the Strategic Sourcing category support the work performed by procurement teams when planning for assessment and performance management initiatives. The functional capabilities typically included by Strategic Sourcing applications include project management, category management, savings tracking, data collection, team collaboration, and a supplier marketplace. Strategic sourcing is distinct from tactical and process focused applications that typically support operational requisitioning, ordering, invoicing, and payment processes.

Strategic sourcing is often deployed as a shared service, even for very large organizations, and are used for managing all types of spend — including services and direct, raw, and indirect materials. These shared-service centers often report into the procurement or supply chain organizations.

To qualify for inclusion in the Strategic Sourcing category, a product must:

  • Include the capability to collect and store a repository of structured data
  • Provide side by side comparison of included sourced products
  • Provide the ability to easily create, edit, share, and collaborate on data internally

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    Strategic Sourcing reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.

    Scout RFP's cloud-based procurement and sourcing solution helps organizations make better strategic spend decisions through improved visibility, enhanced collaboration, and simplified processes.


    Cloud-based solutions for collaborative spend, finance, and sales management. ERP and CRM systems are great, but they don't do much to improve interactions between businesses. For all your investments in technology, your B2B transactions are still managed with a fragmented array of applications and manual processes. Blocking your view, keeping costs and risks high, and hobbling your competitiveness. You need technology that makes trading partner collaboration easier and more efficient. Because in a volatile global marketplace where businesses rise and fall every day, sustainable competitive advantage requires strong, mutually beneficial relationships. Ariba makes that easy. With just your web browser and a user-friendly interface, you can work with your trading partners using market-leading SaaS solutions for spend management, collaborative finance management, and sales acceleration management all integrated on a single platform. These solutions are available by subscription and on-demand, so there's no software to install or maintain. They're scalable, cost-effective, and burden-free. They're also easily integrated with your ERP and back office systems. All it takes to extend your processes to more trading partners is plugging into the Cloud. And no worries, Ariba systems are thoroughly tested to ensure continuous, secure, and reliable service delivery. You can be up and running in no time, using the industry's most complete platform to efficiently and effectively locate, communicate, and collaborate with your trading partners. Commerce is simply better with Ariba technology, whether you're looking to drive sales, control spending, or manage cash.


    Bonfire streamlines your sourcing, contract management, and vendor performance on one cloud-based platform, delivering a frictionless, centralized and effective sourcing experience. Easily bring the right stakeholders together to make confident, collaborative, and compliant sourcing decisions. We’re recognized as a Gartner Cool Vendor in 2018, as well as being awarded as a Top 50 to Watch platform by Spend Matters.


    Zycus is a leading global provider of procurement solution suites across the Source-to-Pay cycle. Our product portfolio includes applications for strategic and operational procurement functions, such as eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, and Request Management. Zycus Procure-to-Pay software is a next generation solution suite providing a Guided-Procurement-System to ensure consistent and accurate buying decisions for cataloged & non-cataloged goods & services. With full Purchasing Process Automation and tight integration with the strategic sourcing modules, Zycus Procure-to-Pay incorporates powerful functionalities and easy-to-use features to enable "simple & intuitive” shopping experience & efficient invoice management for the AP team.


    The role of procurement is changing. This is a good thing. Generating savings and ensuring compliance remain paramount, but procurement now answers for innovation, supplier success, internal customer experience and value creation to name a few. With Coupa's strategic procurement solutions and tools, procurement can deliver on their core mission – increasing user and supplier adoption to realize optimum savings. But beyond that, Coupa’s flexibility and configurability helps procurement partner with the business to drive greater value. And the ability of Coupa's procurement tools to integrate with multiple ERPs, allows procurement to team with IT to deliver an intuitive, consistent purchasing experience to every employee. Coupa Procurement solutions allow you to achieve the highest system adoption across all your users whether they’re employees, managers, finance or even suppliers.


    FairMarkIT: Automated tail spend control and management because All Spending Matters. Tail spend is not inconsequential. It makes up 20% of the average company’s overall annual procurement spend. Also, because tail spend comprises hundreds if not thousands of small-spend purchases and is generally not automated, tail spend is an inefficient, high-touch nightmare as it involves some level of interaction with 80% of all vendors.


    Oracle Sourcing is an enterprise application designed to drive more and better sourcing through online collaboration and negotiation.


    Promena offers e-Auction, e-Purchasing, SRM and Strategic e-Sourcing solutions with the aim of providing efficient and effective control of time, labor and cost savings to customers in their purchasing activities.


    Deposco's Bright Source improves inventory management and offers extended network sourcing. Avoid stock-outs and utilize drop-ship and crossdock fulfillment strategies to offer products faster.


    Determine’s Cloud Platform-based Sourcing provides the most robust sourcing tools available, from onboarding and validation to managing sourcing requirements that are integrated with source to pay. Our eSourcing applications help organizations solicit and evaluate information (RFIs) and proposals (RFPs), while supporting "project" bidding through live events, where the outcomes can have immediate long-term impact on your business. Determine Sourcing helps enable simple needs to large-scale, complex bid events with thousands of line items and awards spanning multiple suppliers. But Determine takes it a step further to also provide your operational sourcing needs that can happen on the fly. These include price checks or requests for quote (operational sourcing or RFQs), tasks integrated with our procure-to-pay capabilities on the Determine Cloud Platform.


    Strategic Sourcing is a set of software modules that help to select the right suppliers for the needs, to savings starts.


    EC Sourcing Group offers on-demand supply management solutions for strategic sourcing professionals that are comprehensive, robust & easy-to-use. All of our solutions are developed & supported by former sourcing professionals.


    Intake is a self-service sourcing solution that facilitates project requests, cross team collaboration, and enterprise-wide alignment on projects.


    THE PROCUREMENT EMPOWERMENT PLATFORM Ivalua’s Platform is uniquely designed for agility, performance, and scale. Built on a single code base and data model leveraging a configurable cloud infrastructure it fundamentally alters what Procurement & Supply Chain leaders can achieve. Unmatched flexibility -Best-in-class is not one-size-fits-all. -Easy configuration is a core principle of the Ivalua platform. -Meet your users’ needs, from custom UI and workflows to new forms and fields. -Collaborate with suppliers and other stakeholders by tailoring processes to their needs. Welcome to the Configurable Cloud The Ivalua Platform is built on a configurable cloud. An industry leading cloud environment that allows you to scale up or down and be assured of the highest security and performance standards, no matter where or what device.


    Jaggear offers a robust sourcing solution designed to help create events, manage bids and award contracts.


    This cloud-based, collaborative solution improves profitability, productivity and control across the end-to-end supply chain by bringing all partners together. Whether you are in a single enterprise or cross- enterprise environment, gaining transparency to a collaborative business plan means joint execution, real results and a true win-win partnership that delivers mutual benefits.


    JDA Fulfillment helps you create an accurate, time-phased inventory plan. You'll deliver superior service, while also controlling your costs.


    Opt-source technology is an innovative provider of solutions & services for strategic & transactional procurement. Our focus areas include catalogue management, s2c (source to contract cycle), p2p (procure to pay) & supplier lifecycle management.


    PROACTIS Sourcing is designed to allow users to streamline, standardise and enhance all aspects of their sourcing process to achieve greater savings and compliance.


    ProcureWare is an e-procurement software for businesses and organizations of all sizes to manage their suppliers, sourcing, and/or contracts.


    Procurify is the best in class Spend Management Platform. Control, track and report your company’s spend. Robust request to approve functionality, purchase order management and authentication of deliveries all in one place. Purchasing in Real-Time Create, Track, and Report all your Requisitions, Purchase Orders, and Expenses in Real-Time, at the office or on the go. Control Spending As it Happens Be proactive instead of reactive. Accurately stay on top of your budgets before making decisions with instant analytic reports. Streamlined Purchasing Platform Request, Approve, Purchase, online, on your phone, from anywhere, instantly. Procurify makes procurement fun! Additionally, we include budget management tools, tracking & reporting tools, free training, easy integrations, free mobile companion app.


    Promena e-Sourcing offers solutions designed to for cost savings, efficiency, control and risk reduction in strategic purchasing activities.


    QLM Sourcing is a sourcing and supplier management software designed to amplify spending power and lower costs.


    Scopeworker digitizes services supply chains for enterprise. It is an Industry 4.0 Digitized Supply Chain Vendor Management System (DSC VMS). The web interface and mobile app templates real-time automate procurement, finance and productivity management between the buyer, supplier and worker. External disconnected systems including ERPs, databases and IoT are aggregated and automated


    SMART by GEP is the industry's leading cloud-native, unified source-to-pay platform with comprehensive spend, sourcing and procurement functionality, including spend analysis, sourcing, contract management, supplier management, and procure-to-pay. SMART by GEP is a thoughtfully conceived, beautifully designed digital work environment, precision-engineered for sourcing and procurement professionals, bringing consumer-grade usability and experience to the business-to-business workspace. With intuitive design, stunning visual appeal, intelligent interfaces, and ability to move the user fluidly and naturally from task to task, on any platform and any device, SMART by GEP drives adoption rates that are among the highest in the industry. It eliminates routine and redundant processes, accelerates or shortens complex tasks, intelligently provides tools and resources to people to achieve more, get better results and succeed in their work. SMART by GEP leverages the power and scalability of the cloud to offer a single, digital workspace for all stakeholders that enables and accelerates digital procurement transformation. Designed as an open platform, SMART by GEP allows enterprise procurement teams to harness the potential of new and emerging technologies, such as artificial intelligence, big data, blockchain, and IoT, to achieve truly transformative business outcomes.


    Simplify the RFQ process and make life easier for buyers all over the world, whether they're working on their own or within an organization. We wanted to do it with software that was nice to look at and easy to use.


    SourceRFX is an exclusive platform to facilitate Industrial Procurement & Marketing. SourceRFX enables manufacturers, suppliers and service providers to connect


    tealbook connects companies so they can interact with more efficiency and trust. We capture, cleanse, enrich, automate and expand supplier information to reduce the time and cost required to find one another for the purpose of doing better business. tealbook uses the latest technology to improve the quality of partnership decisions, reducing effort and cycle time while increasing trust for all parties. By combining machine learning, leading software development, procurement and operations expertise, our team transforms how companies improve their existing buyer-supplier partnerships and build new lasting ones.


    Xeeva is driving the development and delivery of the next generation of intelligent procurement and financial solutions. Xeeva’s technology is used in over 40 countries and is available in 18 languages. The company’s end to end technology suite includes Sourcing, Procure to Pay, Supplier Collaboration, Financial Collaboration and Extended Enterprise solutions.