SmartSource Sourcing ▶ Maximized buying power through better sourcing adoption
Sourcing solutions for finding the right supplier.
Do you rely on spreadsheets and manual emails to conduct sourcing events and analyze bids, supplier information, or other sourcing data? Or are you stuck with limited executive commitment or a plateau in sourcing’s impact on bottom-line savings?
SmartSource Sourcing is built to help you overcome the challenges of modern sourcing. With more than a decade of experience in sourcing solutions and services, Iasta is a proven technology partner. We can help you move forward in your journey to creating impact with sourcing intelligence.
So, why choose SmartSource for your eSourcing platform? Here are just a few reasons:
Improve your return on investment through an easy-to-use and easy-to-adopt solution.
Recognized by leading analyst firms like Forrester and Gartner, we‘ve designed SmartSource with a universally-recognized and easy-to-use UI and navigation structure. As a result, SmartSource is quick and easy to deploy so users can start making an impact as soon as possible.
Benefit from navigation and processes based on deep sourcing experience.
We’ve built SmartSource from the ground up. With a standard set of features based on years of client feedback and expertise in strategic sourcing, our eSourcing platform has been designed with targeted workspaces that have been streamlined to work the way sourcing experts work.
Create newfound RFx productivity through deep, yet simple functionality.
SmartSource enables you to directly and easily communicate with your suppliers and internal stakeholders as they are building and then rolling out RFx projects. Features like the custom email building/previews, built-in MS Word editing, response management, survey editor, and a centralized, permission-based template repository, make it easy to capitalize on process improvements and increase the efficiency of your sourcing team.
Drive efficiency and savings by deploying the use of auctions.
At times the complexity of strategic sourcing requires the flexibility and pricing dynamics derived from auctions. Proven benefits include increased market transparency, simplified “apples to apples” comparisons and direct cost reductions. As an essential part of your sourcing toolkit, SmartSource provides a variety of online auction types such as sealed bids, dutch auctions and forward auctions in addition to standard reverse auctions.
Manage and optimize complex sourcing awards that go beyond managing cost.
Using decision optimization, organizations can evaluate price factors against a variety of scenarios such as lowest cost with allocation constraints, limit constraints, or discount constraints. SmartSource also allows the creation of multiple “scenarios” such as awarding business to a supplier in each of your specific geographical regions or guaranteeing a percentage of business to incumbent suppliers.
And most importantly, improve your project management with better visibility.
To manage the complexities of modern sourcing, SmartSource provides a library of customizable sourcing dashboards and gadgets for improving sourcing intelligence. The library of gadgets includes contract search results, recent project activity, task lists, activity calendars, profile statistics and current project list. Through these tools, SmartSource helps you align your project activity with your sourcing goals.
Selectica is a global provider of SaaS contract management and end-to-end source-to-pay supply management software solutions. As a recognized leader in the industry, Selectica provides deep innovative capabilities in Enterprise Contract Management, Strategic Sourcing, eProcurement, eSourcing, Spend Analysis, and Procure-to-Pay. Since 1996, Selectica has helped global companies actively manage their contracts throughout the sales, procurement, and legal life cycle. Selectica's contract lifecycle management, strategic sourcing, and procure-to-pay software solutions drive critical operational business value that effectively accelerate revenue opportunities and minimizing risk through compliance. A recognized leader in the industry, our patented technology assists customers across a myriad of industries—including high-tech, telecommunications, manufacturing, healthcare, and financial services. Selectica also provides a powerful configuration engine, which Fortune 500 companies use to increase revenue by facilitating the right combination of products, services and price.