ADVANCED SOURCING MANAGEMENT
Sourcing Management Software
Simplify your supplier engagement with collaborative sourcing
Collaborative Sourcing Management to streamline processes and deliver added value
Advanced Sourcing Management provides all members of your team with an easy-to-use collaborative tool to streamline your sourcing process. Our solution removes the complexity to identify the goods or services you need from your strategically optimal suppliers.
We understand and solve your key issues
We build products which are designed to solve our customers key challenges.
- Complex sourcing processes
Procurement processes can be, at times, needlessly complex. Processes are designed by and for the procurement team, but what is simple for this specialist team can be complex for the non-technical user, which often halts adoption.
- Fostering excellent supplier relationships
Struggling, or difficult, relationships with your suppliers can be a real challenge. Often a result of inefficient and laborious processes, this can lead to a delay in goods or services, disruptions, and a loss of contract value.
- Maintaining compliance and supplier due diligence
Too often supplier due diligence is incomplete or out-of-date as records are kept dispersed in multiple locations or with various team members. Without alerts to re-survey suppliers or compulsory fields, maintaining compliant suppliers is a challenge that leaves organisations open to risk.
- Choosing quality suppliers to meet corporate objectives
Selecting suppliers that adhere to ESG or CSR objectives is a headache if sufficient data is not available. Despite wanting to make the right selection and promote good practices, it is almost impossible to see how your suppliers rank and therefore who should be the strategic priority to work with.
See how we can help Key capabilities
Guided Buying
Dynamic Purchasing System (DPS)
Frameworks
Prequalifications
Tenders
eTendering Portal
Evaluations
Quick quotes*
Opportunities portal*
CAPABILITIES
More than just finding suppliers
Find out more about the powerful features that sit within Sourcing Management
How Advanced Sourcing Management can help you
FEATURES & BENEFITS
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Guided Buying
Create a seamless yet compliant buying journey for all colleagues
The user-friendly interface and guided buyer journey streamlines typically complex procurement processes, speeding up sourcing activities and reducing manual activities. Furthermore, simplifying processes and adding automation enables non-procurement team members to source their own low value goods and services, without requiring access to the full system, freeing up procurement colleagues to focus on high-value and strategic areas.
Engaging user experience
Benefits
Easy to understand and can be used by non-procurement team membersKey sourcing components that guide the user through requirementsNo more complex folder structures - a single unified workspace for all stagesPre-built wizards
Benefits
Guides the user through each stage of the request with easeAutomates sourcing processing to reduce manual inputEmpower the wider organisation, helping to support unconscious complianceProcurement Pipeline Management
Benefits
Give users a single view of all procurement activitiesEducate users and guide them through the correct process -
Supplier Collaboration
Improve the supplier experience and enhance supplier relationships
Improving the experience for your internal and external customers, as well as your suppliers, ensures not only do you secure favourable and beneficial supplier relationships, but protect the organisation from future disruption and reduce third-party risk. Advanced Sourcing Management removes barriers between suppliers and the buyer.
A single collaborative platform
Benefits
Removes the need for repetitive and excessive paperworkReduce manual input for both the buyer and supplierA single space for suppliers to collaborate with buying organisations or respond to complex tender responsesGather quotes from multiple suppliers
Benefits
Seamlessly gather quotes from selected suppliers, while remaining compliantEnable competitve tension and better price and value outcomesEasily diversify your supplier base and work with those who best suit your needsQuick Quotes*
*An add-on feature
Benefits
Removes the requirement for suppliers to log into another portalCreate a quotation form to provide a quick pricing quotation rather than a full tenderImprove speed of supplier responses and acquisition of goods or servicesOpportunities Portal*
*An add-on feature
Benefits
Users can configure and publicly host tenders and other opportunitiesAllows suppliers to submit responses, request clarifications, and view documentationWork with suppliers that have the capacity to support your needs -
Compliance & transparency
Understand and gain insight into your sourcing processes and compliance with Sourcing Management
Leverage your sourcing data to maximise value from your supplier base. Gain awareness of your sourcing process and supplier compliance to mitigate risk and ensure positive, value-added supplier engagement. Advanced Sourcing Management makes it easy to review supplier compliance and maintain quality providers.
Central Supplier Records
Benefits
Understand how your suppliers rank for complianceCheck if a supplier has up to date or adequate insurance policies, certifications and documentationAccess historical record of supplier to review performancePerformance Reviews
Benefits
Review past performance metricsRe-engage if there has been valuable engagementMaintain quality suppliers onlyTeam hierarchies
Benefits
Users with permission can view all sourcing activities in their areaCollaborating teams can be added to records to provide additional subject matter expertiseBuilt in approval workflows based on hierarchyAnalytics layer allows leaders with the right permissions to view organisational level reporting and insights -
Strategic Prioritisation
Use data and enhanced visibility to make decisions about the suppliers you work with to meet your goals.
Having one centralised sourcing platform and excellent data quality allows your organisation to make strategic data-based decisions about the sourcing processes, the suppliers you work with, and how you meet your organisational objectives (such as ESG targets). Advanced Sourcing Management provides the tools to bring efficiencies and help you meet your goals.
Unified and Centralised Sourcing Activities
Benefits
Full auditability of all sourcing activitiesIdentify consolidation and saving opportunitiesSupport data-informed decisions such as where to spend with future sourcingUnderstand the average procurement cycles and process complianceESG Objectives
Benefits
Supplier due diligence, classifications, and data points support making decisions around the types of suppliers you want to work withEasily select ethical and responsible suppliersTag suppliers by their CSR or ESG profileRisk ranking of suppliers removes those who do not meet core characteristicsWorkflows and permissions
Benefits
Streamline processes by assigning permissions dependent on value and complexity, risk, or category of the sourcing activityEasily manage own sourcing activities and understand requirements while also overseeing the wider team's activitiesReduced workload for the procurement team with streamlined processes for low risk or value sourcing activities to guide users through the appropriate process
Easy to understand and can be used by non-procurement team membersHi, we are Advanced.
Talk to us.
Enable the strategic capability of your supplier relationships.
Call us at
0330 343 8000