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.

E-Sourcing Applications

Gartner defines the source-to-pay (S2P) suite market as an integrated set of solutions to source, contract, request, procure, receive and pay for goods and services across an enterprise. These solutions typically are sold as cloud-based software as a service.
Source-to-pay suites allow organizations to manage all of their sourcing and procurement activities within a single integrated solution. These solutions are modular in nature allowing customers to activate the functionality that is relevant for their needs. The integrated nature of these solutions allows for data to easily flow across the source-to-pay process providing needed visibility to upstream and downstream documents. An example of this would be the ability to view a purchase order and see the contract that the purchase is related to, the e-sourcing event that led to the contract and downstream documents such as receipts, invoices and payments.

Source-to-Pay Suites

Strategic sourcing application suites are a set of related, integrated solutions that support upstream procurement activities; in other words, the strategic work the procurement team does for planning, assessment and performance management. Strategic sourcing application suites are used primarily by companies with $800 million or more in annual revenue that, typically, have the necessary critical mass of spend. The strategic sourcing application suite delivers four primary capabilities. Most vendors offer these capabilities as separately licensable modules: Spend analysis is a software- and service-based solution for cleansing, enhancing, classifying and analyzing spend data. It features rule-based data cleansing, automated category-level classification, analytics and decision support. Automated spend analysis is used in procurement and sourcing to quantify spend by supplier, category and part, and to identify opportunities for cost reduction and supply base resizing.

Strategic Sourcing Application Suites

Gartner defines supply chain planning (SCP) solutions as platforms that provide technological support to enable a company to manage, link, align, collaborate and share its planning data across an extended supply chain. An SCP solution supports planning, ranging from demand planning through detailed supply-side response planning and from strategic planning through execution-level planning. It is the planning decision repository for a defined end-to-end supply chain. It is also the environment in which end-to-end-integrated supply chain decisions are managed. It establishes a single version of the truth for planning data and decisions, regardless of the underlying execution technology environment.
Organizations use SCP solutions to improve their supply chain planning decisions and reach higher levels of maturity.

Supply Chain Planning Solutions

Top ZHENYUN Technology Digital Procurement Platform Competitors & Alternatives 2024 | Gartner Peer Insights

Coupa

Market Dojo Sourcing

Market Dojo

ZHENYUN Technology Digital Procurement Platform

ZHENYUN Technology

Promena Strategic Procurement Solutions

Promena

Ivalua Sourcing

Ivalua

JAGGAER ONE

JAGGAER

VENDX

MavenVista Technologies

SAP Ariba Sourcing Suite

GEP SMART

Unit4 Source-to-contract by Scanmarket

Unit4

<50M USD

50M - 250M USD

1B - 3B USD

3B - 10B USD

250M - 500M USD

10B - 30B USD

30B + USD

Communications Manager

1 the product is good ,but it cant fit every companies for their unique demands.
2 the engineer in charge of the  embodiment is very important  

PURCHASING ANALYST

ZHENYUN is a strong and stable e-sourcing platform for procurement and optimizes various procurement processes and promotes higher value delivery. However, the limited reporting capabilities obstruct additional analysis and profitable decisions.

SAP Ariba

Oracle

Other...

Aavenir

Bonfire

DigitalPA

IT DIRECTOR

There are many suppliers to choose from in Zhenyun SRM,and there is a standard interface that can synchronize the supplier's product database,realizing one-stop procurement for users,which is very efficient

IT MANAGER

The product features are complete,the service is guaranteed,and the customer relationship is harmonious

VP, Supply Chain

Excellent products combined with excellent implementation teams can helps enterprises achieve digital transformation in procurement.

CHIEF SUPPLY CHAIN OFFICER

The system is very comprehensive and powerful to use, especially in the sourcing related configuration, very flexible, including sourcing process configuration, quotation template configuration, and so on. However, we hope that the system can be more concise and we expect the system to provide more potential supplier resources.

Active

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