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Leading global companies are re-assessing the way they source direct and indirect spend categories, driven by cost and competitive pressures, increased globalization and outsourcing, and advancements in sourcing practices and technologies.

As pressure, and even scrutiny, on the organization increases, sourcing is becoming a more strategic and critical business function. Studies show that companies with advanced sourcing operations and technology are more likely to identify and capture sustainable savings, spending 5% to 8.5% less on their materials and services as compared to competitors. For those using advanced sourcing to procure direct materials and services, the benefits are reflected in their top line. Overall, organizations using advanced sourcing are also better at reducing supply risks and more likely to have self-sufficient sourcing professionals and organizations.

Emptoris Sourcing delivers immediate value to your business:

  • Drive Sustainable Savings – With Emptoris Sourcing, your organization will sustainably reduce costs on a broad range of spend categories by leveraging industry-best practices and capabilities. The solution allows you to move quickly from ‘low-hanging fruit,’ to more complex categories such as direct materials, transportation and specialty services. Intuitive and easy-to-use functionality encourages rapid and broad adoption across the enterprise. Emptoris’ advanced sourcing optimization empowers your organization to realize best value, not just best price, from your supply base by factoring cost, risk and performance factors into decision-making.
  • Mitigate Risks and Enforce Compliance – Standard, repeatable sourcing processes bring visibility and transparency to your sourcing organization and events, making it easier to enforce and demonstrate compliance to regulations and policies. Further, your organization will reduce exposure by evaluating risk factors during the sourcing process and allocating more spend to preferred suppliers. Emptoris Sourcing also enables you to solicit bids at short notice in the event of supply disruption—and Emptoris Sourcing is tightly integrated with our Enterprise Contract Managementensuring that critical information is accurately transferred into the contract.
  • Improve Productivity and Build Self-Reliance – Emptoris Sourcing also increases your team’s productivity and shortens cycle time, freeing resources to run more events and get more spend under control. Integration with Enterprise Contract Management and Emptoris Supplier Lifecycle Management helps eliminate errors and downstream issues. Emptoris Sourcing’s powerful, yet easy-to-use functionality also builds internal sourcing capabilities and decreases reliance on consultants and services. And Emptoris Sourcing’s reporting capabilities help your teams stay current on event activity and results, even on the move.

The Industry’s Leading Sourcing Solution

As a pioneer of advanced sourcing technology, Emptoris is consistently recognized by independent research firms as providing one of the market’s most robust and powerful sourcing solutions. With more than 350 Global 2000 customers, Emptoris has proven its value in some of the world’s most demanding and complex environments. Emptoris Sourcing delivers best-in-class sourcing capabilities to your organization, including:

  • Flexible/Scalable Sourcing Events – Manage the entire sourcing process for either a single RFx (RFI, RFQ, RFP, English, Dutch and optimized reverse auctions) or a complex multi-stage negotiation with tools that meet the needs of both novice and experienced users.
  • Self-Service Scenario Analytics – Create constraints to meet your unique sourcing requirements and business preferences with pre-built sourcing optimization functionality.
  • Supplier Decision Support – Provide feedback to suppliers on their bids, allowing them to offer innovative solutions, emphasize their competitive advantage and optimize their bids.
  • Sourcing Desktop Intelligence – Export bid data and access sophisticated capabilities in Microsoft Excel to perform a number of analytical tasks.
  • Flexible Awarding – Gain control with award flexibility, award incrementally or re-run scenarios at a later date to support changes in market conditions or supplier performance.
  • Desktop and Mobile Reporting – Leverage desktop and mobile reporting on a phone or iPad to drill-down and gain actionable intelligence on all sourcing events and suppliers; reports can be quickly tailored to job and domain specific needs.
  • Emptoris Enterprise Contract Management Integration – Integrate with Emptoris Enterprise Contract Management and automatically create draft contracts, including line items, at any stage of the event lifecycle.

Discover How SourcingAgent.net Sourcing Drives Sustainable Savings

To learn more about how Emptoris can help you drive sustainable savings, improve performance and make complex sourcing simple, call +86-188-1859-3155 or contact us.