eSourcing

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Electronic sourcing removes paper, process time, complexity and manual overhead from supplier negotiations, delivering a consistent process for driving significant savings across categories. Offering both online tendering and auction capabilities,  web3 eSourcing is a powerful, highly intuitive toolset for the professional purchaser looking to drive best value and optimise those strategic sourcing outcomes.

eSOURCING BENEFITS AT A GLANCE

MORE TENDERS, MORE OFTEN

When compared to manual equivalents, electronic tendering saves up to 85% of the process overhead. This allows you to run more events and deliver more savings.

STRAIGHT FORWARD eAUCTIONS & LOWER COSTS

Electronic auctions drive savings that simply cannot be achieved by any other means. You can achieve price reductions of 18% on aggregate across all categories with our intuitive system.

REDUCE PROCESS FRICTION, IMPROVE EFFICIENCY

Enable quick, simple and consistent sourcing with powerful functionality, including in-built project management, automated alerts and scoring, and collaborative review features.

CONTROL SPEND REGARDLESS OF LOCATION

Available in 14 languages out of the box, web3 eSourcing is fully time zone and currency enabled to power international sourcing. It’s also optimised for portable devices so you can work anytime, anywhere. 

Wax Digital Feature Highllights

FEATURE
HIGHLIGHTS

A highly intuitive, competitive middleweight platform

Build tenders quickly and easily
Wax Digital web3 renders the time-consuming process of constructing the most complex tender documents. It’s quick, simple and efficient, with pre-populated templates which you can add to and customise at will.

Link sourcing activities
Multi-stage events (progressing from a Pre-Qualification Questionnaire to a Request for Proposal to an auction, for example) simply involve flipping all the data from one stage to the next, carrying through qualifying suppliers and data automatically.

Make life simpler for suppliers
The web3 supplier portal delivers a highly intuitive means for suppliers to respond to tenders and participate in auctions. It also incorporates comprehensive collaboration and broadcast features with a full audited behind every action.

Automate evaluation
Supplier responses are automatically scored and ranked wherever possible. Stakeholders across your business can quickly and easily score and comment on any sections they are responsible for – with weightings automatically applied as appropriate.

Wax Digital Feature Highllights

FEATURE HIGHLIGHTS

A highly intuitive, competitive middleweight platform

Build tenders quickly and easily
Wax Digital web3 renders the time-consuming process of constructing the most complex tender documents. It’s quick, simple and efficient, with pre-populated templates which you can add to and customise at will.

Link sourcing activities
Multi-stage events (progressing from a Pre-Qualification Questionnaire to a Request for Proposal to an auction, for example) simply involve flipping all the data from one stage to the next, carrying through qualifying suppliers and data automatically.

Make life simpler for suppliers
The web3 supplier portal delivers a highly intuitive means for suppliers to respond to tenders and participate in auctions. It also incorporates comprehensive collaboration and broadcast features with a full audited behind every action.

Automate evaluation
Supplier responses are automatically scored and ranked wherever possible. Stakeholders across your business can quickly and easily score and comment on any sections they are responsible for – with weightings automatically applied as appropriate.

Eliminate process bottlenecks
The intuitive user interface common across all web3 modules makes complex processes simple to manage. Sourcing can be made available to users across the business, eliminating bottlenecks and increasing throughput and returns.

Integrate processes
Send automatic notifications to both successful and unsuccessful suppliers via web3, reducing the administrative burden. Automatically generate a new contract in web3 Contract Management, pulling all key data from events to contracts.

Contract Management - Wax Digital

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