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PRODUCT SOURCING

AWARD THE RIGHT SUPPLIERS AT THE LOWEST POSSIBLE COST

Determine qualified suppliers by comparing product costs, quality, product specifications and lead times to maximize cost savings and sustain your competitive advantage.

CREATE CONNECTED SOURCING PROJECTS FROM START TO FINISH

Dashboard-icon Access data, act with confidence
Consolidate data points, including material number, plant, unit cost, vendor status, and more into a single dashboard for improved visibility and decision making.
Savings-icon Compare pricing, achieve savings Present your sourcing team with clear visibility into the market and lowest target pricing and compare quotes simultaneously in a single simulation.
Speed_icon Achieve efficiency, speed sourcing Quickly generate RFQs with new, existing, or preferred suppliers by leveraging guided entry, pre-populating relevant data, and visually evaluating past performance. 

Manufacturers' guide to procurement: A path to touchless operations

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Benefits of Product Sourcing

REDUCE COSTS

Evaluate costs across suppliers in a single dashboard. Pinpoint which suppliers offer the greatest savings and compare between targeted and market rates to negotiate better prices. 
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STRENGTHEN SUPPLIER RELATIONSHIPS

Leverage a complete 360-degree view of lead times, unit costs, previous orders, and performance to see trends and predict future issues. 
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GAIN INTERNAL PROCESS EFFICIENCY

Enable a process that aligns with your internal governance policies and avoid overlooking critical supplier insights. 
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MITIGATE SUPPLIER RISK

Receive immediate notification of risks associated with fulfillments in your procurement process using data recorded in your SAP system.
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Enhance your sourcing program with the ConvergentIS Vendor Management Portal