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E-Sourcing Applications (Transitioning to Sourcing Applications)

E-Sourcing Applications Reviews and Ratings

What are E-Sourcing Applications?

E-sourcing applications enable organizations to organize, solicit and evaluate requests for information (RFIs) and requests for proposals (RFPs) from suppliers. These applications enable competitive bidding where the outcome is typically a long-term agreement. Most e-sourcing applications also support reverse auction capabilities. Some applications enable large-scale complex bid events with thousands of line items and awards spanning multiple suppliers.

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Logo of Market Dojo Sourcing

Market Dojo Sourcing

By Market Dojo

4.7
(36 Ratings)

Market Dojo Sourcing is a software designed to facilitate the sourcing and procurement processes for organizations. The software provides tools for managing requests for quotations, running online sourcing events, and evaluating supplier submissions. It supports the automation and tracking of sourcing activities and offers features such as supplier onboarding, bid analysis, and document management. Market Dojo Sourcing addresses business needs related to improving procurement efficiency, ensuring compliance, and increasing transparency within supplier interactions. The software is used to streamline workflows, standardize sourcing practices, and deliver insights into sourcing performance and supplier engagement.

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Logo of Coupa

Coupa

By Coupa

4.6
(31 Ratings)

Coupa is a software designed for business spend management, enabling organizations to control and optimize procurement, invoicing, and expenses. The software provides modules for sourcing, contract management, supplier collaboration, and analytics to help monitor and manage financial operations. Through its cloud-based platform, users can automate purchasing workflows, enforce compliance with policies, and gain visibility into spend data. Coupa addresses challenges such as manual processing, lack of spend control, and limited insight into supplier performance, supporting businesses in improving efficiency and reducing costs associated with unmanaged spending.

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Logo of ZHENYUN Technology Digital Procurement Platform

ZHENYUN Technology Digital Procurement Platform

By Shanghai ZHENYUN Information Technology

4.6
(13 Ratings)

ZHENYUN Technology Digital Procurement Platform is a software designed to optimize procurement processes for businesses by enabling digital management of sourcing, bidding, and supplier collaboration. The software facilitates the automation of purchasing workflows, enhances transparency in supplier selection, and offers centralized control over procurement activities. Organizations can use the platform to manage supplier relationships, monitor procurement transactions, ensure compliance with internal policies, and reduce manual workload. Data analysis tools within the software help identify spending trends and support decision-making. The software addresses the need for efficient procurement operations, cost management, and process standardization across various business units.

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Logo of Promena Strategic Procurement Solutions

Promena Strategic Procurement Solutions

By Promena

4.6
(5 Ratings)

Promena Strategic Procurement Solutions is a software designed to support organizations in managing procurement processes digitally. The software offers modules for e-sourcing, e-auction, supplier management, and contract management, providing tools to automate procurement workflows and enhance transparency. It aims to facilitate sourcing events, vendor evaluation, and negotiation processes while maintaining documentation in a central platform. Promena Strategic Procurement Solutions addresses business challenges related to manual procurement tasks by streamlining supplier interactions, reducing paperwork, and providing analytics to assist decision-making. The software is structured to help organizations improve procurement efficiency and control costs through digital management of purchasing activities.

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Logo of GEP SMART

GEP SMART

By GEP

4.5
(4 Ratings)

GEP SMART is a procurement software designed to support source-to-pay operations for businesses. The software offers functionalities such as sourcing, contract management, supplier management, procurement, and savings tracking within a unified platform. GEP SMART helps organizations streamline the procurement process by automating workflows, enabling centralized management of suppliers and contracts, and providing analytical tools for spend analysis and reporting. The software addresses business challenges including improving procurement efficiency, increasing compliance, enhancing supplier collaboration, and optimizing procurement costs through better visibility and control over procurement activities.

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Logo of Ivalua Sourcing

Ivalua Sourcing

By Ivalua

5
(3 Ratings)

Ivalua Sourcing is a software designed to streamline and automate the sourcing process for organizations by enabling the creation, management, and analysis of sourcing events such as requests for information, requests for quotation, and auctions. The software supports supplier collaboration, bid evaluation, and contract management, helping organizations to identify potential suppliers, gather and compare proposals, and optimize sourcing decisions. Ivalua Sourcing integrates with other procurement processes to provide transparency, compliance, and efficiency while addressing the challenges associated with managing complex sourcing activities, data consolidation, and cost management.

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Logo of JAGGAER ONE

JAGGAER ONE

By JAGGAER

4.2
(3 Ratings)

JAGGAER ONE is a software platform designed to manage procurement and supply chain processes for organizations. The software offers features for spend analysis, supplier management, sourcing, contract management, procurement operations, and invoicing. JAGGAER ONE automates workflows, supports compliance with organizational policies, and integrates with enterprise resource planning systems. The software enables users to centralize supplier information, track contract lifecycles, monitor procurement activities, and analyze spending patterns. JAGGAER ONE addresses the business need to streamline procurement operations, increase visibility into spending, and improve supplier collaboration through a unified cloud-based platform.

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Logo of SAP Ariba Sourcing Suite

SAP Ariba Sourcing Suite

By SAP

4.3
(2 Ratings)

SAP Ariba Sourcing Suite is a software that provides organizations with tools to manage their sourcing and procurement processes. The software facilitates supplier discovery, electronic requests for information and quotation, reverse auctions, contract management, and spend analysis. By offering centralized sourcing processes, SAP Ariba Sourcing Suite aims to improve procurement efficiency, support compliance, and enhance supplier collaboration. The software enables users to track sourcing events, standardize sourcing practices, automate bid collection, and gain visibility into supplier performance. It is designed to address challenges related to complex sourcing requirements and fragmented procurement systems, supporting businesses in making informed sourcing decisions and optimizing cost management.

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Logo of VENDX

VENDX

By MavenVista Technologies

5
(2 Ratings)

VENDX is a procurement software designed to streamline the purchase process for businesses. The software provides digital solutions for managing procurement activities such as sourcing, negotiation, contract management, supplier engagement, and purchase order generation. VENDX focuses on automation and analytics, enabling users to monitor procurement workflows, assess supplier performance, and optimize spending. The software facilitates data-driven decision-making by delivering real-time insights and comprehensive reporting. By integrating with other enterprise resource planning systems, VENDX aims to address common business challenges such as manual processing, lack of transparency, and inefficiencies in procurement cycles.

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Logo of ebidtopay

ebidtopay

By eeeBid Group

5
(1 Rating)

ebidtopay is a software designed for managing procurement and sourcing processes within organizations. The software supports electronic tendering, contract management, supplier management, and procurement workflow automation. ebidtopay aims to streamline purchasing operations by enabling digital management of supplier interactions, bid submissions, and contract lifecycles. The software allows for documentation, evaluation, and awarding of tenders, as well as tracking performance and compliance of suppliers. By digitizing these procurement activities, ebidtopay addresses the business challenge of reducing manual processes, improving transparency, and enhancing the efficiency of sourcing, bidding, and procurement functions.

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Logo of Sourcing Acumen

Sourcing Acumen

By Sourcing Acumen

5
(1 Rating)

Sourcing Acumen is a software designed to optimize procurement and sourcing processes for businesses. The software offers functionalities such as supplier management, spend analysis, contract tracking, and bid management. Through its platform, organizations can streamline sourcing activities, monitor supplier performance, and analyze procurement data to inform decision-making. Sourcing Acumen enables users to manage procurement tasks in a centralized system, facilitating improved visibility of sourcing operations and compliance. The software addresses the business problem of fragmented procurement workflows by providing tools for better organization, transparency, and efficiency in supplier interactions and purchasing activities.

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Logo of Unit4 Source-to-contract by Scanmarket

Unit4 Source-to-contract by Scanmarket

By Unit4

5
(1 Rating)

Unit4 Source-to-contract by Scanmarket is a software designed to streamline and manage procurement processes within organizations. The software offers features that support strategic sourcing, contract management, supplier management, and procurement workflow automation. It enables users to create and execute sourcing events, manage supplier relationships, and ensure compliance through the procurement lifecycle. The software addresses business challenges related to reducing procurement costs, increasing efficiency, ensuring contract compliance, and improving supplier collaboration. Through its centralized platform, the software aims to enhance visibility and control over sourcing activities, thereby supporting informed decision-making and standardized procurement practices across enterprises.

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Logo of Aavenir RFPflow

Aavenir RFPflow

By Aavenir

Aavenir RFPflow is a software designed to streamline and automate the request for proposal process for organizations. The software centralizes the management of RFPs, enabling stakeholders to create, distribute, and evaluate proposals efficiently. It provides features such as workflow automation, collaboration tools, and document tracking, which help reduce manual tasks and improve compliance. The software integrates with procurement systems and enables users to monitor progress and communicate with vendors throughout the RFP lifecycle. By organizing the RFP processes in a single platform, the software addresses challenges related to process transparency, coordination, and timely completion of sourcing initiatives.

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Logo of Bonfire Strategic Sourcing Platform

Bonfire Strategic Sourcing Platform

By Euna Solutions

Bonfire Strategic Sourcing Platform is a software designed to streamline the procurement process for organizations by facilitating supplier evaluations, document management, and project tracking within a centralized digital workspace. The software supports sourcing workflows such as requests for proposals, information, and quotations, enabling users to manage vendor submissions, scoring, and collaboration among stakeholders. Bonfire Strategic Sourcing Platform aims to address challenges related to transparency, compliance, and efficiency in procurement activities by providing features that enable audit trails, evaluation management, and analytics for decision making. The software is used to organize, review, and award sourcing projects while supporting various procurement policies and compliance standards.

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Logo of BUILDFitters

BUILDFitters

By AlphaBOLD

BUILDFitters is a software designed to support construction management processes by offering tools for project planning, resource allocation, and real-time collaboration among stakeholders. The software enables tracking of project timelines, managing labor and material costs, and integrating field and office operations through a centralized platform. BUILDFitters facilitates visibility into project status, documentation handling, and change management, aiming to address challenges related to project delays, budget overruns, and communication gaps in construction projects by streamlining coordination and data management.

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Logo of Corcentric Sourcing

Corcentric Sourcing

By Corcentric

Corcentric Sourcing is a software designed to streamline and automate the sourcing and procurement process for businesses. It offers capabilities such as supplier identification, request for proposal management, bid analysis, contract management, and compliance tracking. The software supports organizations in managing supplier relationships and optimizing sourcing strategies by consolidating data, improving visibility, and facilitating collaboration between procurement teams and suppliers. By enabling standardized and accessible workflows, Corcentric Sourcing addresses challenges in managing spend, reducing manual effort, and enhancing decision making through actionable insights, thereby helping organizations achieve efficiency in their procurement operations.

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Logo of JAGGAER Sourcing Optimizer

JAGGAER Sourcing Optimizer

By JAGGAER

JAGGAER Sourcing Optimizer is a software designed to support complex sourcing events and procurement processes. The software enables organizations to manage, analyze, and optimize sourcing projects by providing advanced bid analysis, scenario modeling, and supplier evaluation capabilities. It handles a wide variety of sourcing formats, supports large-scale data sets, and facilitates real-time collaboration among stakeholders. The software focuses on enabling users to identify cost-saving opportunities, evaluate supplier proposals based on multiple criteria, and manage risk in supply decisions. It is used to streamline sourcing activities, improve transparency, and drive data-driven decisions within procurement operations.

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Logo of Market Dojo Quick Quotes

Market Dojo Quick Quotes

By Market Dojo

Market Dojo Quick Quotes software streamlines the process of obtaining and comparing supplier quotes for procurement teams. The software enables users to request and receive quotes from multiple suppliers, manage pricing responses, and analyze quotations within a centralized platform. It offers features such as automated communication, document sharing, and real-time visibility of received quotes. This software assists organizations in reducing manual effort and error in quote collection, improving speed and efficiency in supplier selection, and supporting better decision-making through organized data and comparison tools targeted toward the procurement process.

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Logo of Medius Spend Management Suite

Medius Spend Management Suite

By Medius

Medius Sourcing Management will streamline your day-to-day sourcing activities, including RFX, auctions, and contract management. The Medius solution allows you to create, distribute, collect and store RFX documents electronically. You’ll have access to complete data on all sourcing activities between you and your suppliers.

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Logo of mjPRO

mjPRO

By mjunction

mjPRO is an industry agnostic full stack P2P platform from mjunction services limited, that digitalises the entire procurement chain from Plan to Pay. The SaaS based eProcurement platform is powered by AIML for procurement leaders to better their spend management using insightful analytics. The AI enabled features make procurement efficient and fast, helping organisations gain competitive advantage. The integrated auction tool, category insights and a robust supplier base empowers procurement leaders in optimising cost and close negotiations faster. With Smart Templates, mjPRO ensures that organisations across sectors can automate their procurement processes for any type of buys,from simple MRO to complex service buys having long BOQs. With pay-per-use model, easy UI and helpdesk support, mjPRO ensures maximum adoption and faster ROI. Being hosted on cloud, mjPRO is scalable and is aligned to the best security standards.

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Gartner Research

Market Guide for E-Sourcing Applications (Transitioning to Sourcing Applications)

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

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