web3 eSourcing solution drives
substantial bottom-line savings
Wax Digital’s web3 eSourcing tool enables buyers to run multiple eTenders and eAuctions through an intuitive interface - available as an easy to access cloud-based solution.
Whether you’re considering an eSourcing tool on a managed service basis or want a self-service platform web3 eSourcing is ideally suited to the needs of procurement teams who require a highly intuitive, competitive middleweight platform for use in the UK and internationally.
Our focus for developing the web3 eSourcing solution has always been on usability first and foremost. Our eTendering and eAuction platform has all the bells and whistles you will ever need. What really sets it apart from the crowd is how easy and intuitive it is to create and manage negotiations, both for buyers and suppliers.
But great technology is only half the story. Wax Digital Sourcing Consultants are on hand - should you need them - to advise and assist through every stage of the sourcing lifecycle, drawing on huge experience of designing and executing sourcing strategies and events for many of the world’s leading organisations in a myriad spend categories. Their understanding, advice and expertise make all the difference when it comes to maximising the savings from every event.
Put them both together and you can see why our clients are regularly saving millions on a spend of thousands.
web3 eSourcing offers:
Take a closer look at web3 eSourcing standard out-of-the-box features
Buyers can quickly and easily go to market for competitive pricing from a number of suppliers through the eTendering functionality of web3 eSourcing. The tender process is completely streamlined with the ability to electronically create, distribute, collect and store tender documents with complete auditability and user-based permissions bringing control and visibility across the process.
Accessed via a single sign-on and delivered in partner with Spend360 our Spend Analytics tool provides buyers with ability to collate, analyse and classify spend data from unlimited data feeds and file formats. This is presented in a clear and easy to interpret online environment which allows spend to be analysed and reported on, directly feeding into strategic sourcing plans.
Supply Relationship Management (SRM)
Functionality within web3 delivers effective SRM for eSourcing. Suppliers can access the online web3 supplier portal through a user-friendly dashboard, registering their details and self-assigning categories to their profile, allowing buyers to quickly and effectively filter and source appropriate suppliers.
web3 SRM functionality allows buyers to search, communicate, notify and report against performance of suppliers. Detailed supplier profiles provide buyers with the ability to validate suppliers’ credentials and manage risk more effectively in advance of and during sourcing events.
web3 eSourcing delivers a real-time competitive bidding platform that can host forward, reverse, English, Dutch and Japanese auction types. With a depth of functionality that places web3 as a leading middleweight eSourcing platform, web3 also retains an intuitive look and feel that reduces training overheads and allows buyers to run events for both simple and complex categories.
web3 Contract Management provides buyers with a user-friendly repository environment that is fully integrated with the supplier data and user profiles on the web3 eSourcing platform. This allows users to quickly and easily create contracts with awarded suppliers directly from eAuctions and eTenders, transferring relevant data and information for ease of use.
web3 Contract Management contains all the features and functions that you would expect including approvals, alerts, user permissions, auditability, templates, document attachment, search functionality and more, but with web3 eSourcing integration it delivers an enhanced sourcing toolset for buyers.
eSourcing is a proven mechanism for driving substantial savings.
Our web3 solution set comprises the following application modules:
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