POWER COST SAVINGS AND EFFICIENCY GAINS WITH eSOURCING TOOLS
web3 eSourcing offers both online tendering and auction capabilities. Its powerful, highly intuitive toolset can drive best value and optimise your strategic sourcing outcomes. Utilising the eSourcing portal, organisations can source electronically and remove paper, process time, complexity and manual overhead from supplier negotiations, and achieve a consistent process for driving significant savings across direct and indirect supplier categories.
INTRODUCING OUR WEB3 eSOURCING TOOLS
eSOURCING Feature Highlights
A highly agile platform for direct and indirect spend sourcing
Build tenders quickly and easily
Perform quick, simple and consistent sourcing, from indirect consumables and services to direct procurement. Our eSourcing tool comes with powerful functionality including editable pre-populated templates, in-built project management, automated alerts, scoring and collaborative review features, with a full audit trail behind every action.
The complete eSourcing solution for your direct supply chain
The web3 supplier portal delivers a highly intuitive means for suppliers to respond to tenders and participate in auctions. The eAuctions tool allows your buyers to invite suppliers to participate in spot auctions, with successful bid workflows integrating directly with you ERP, MRP and PLM systems. The eTenders tool allows you to conduct complex tendering processes to source even the most specialist supply partners.
Link sourcing activities
The eSourcing portal allows multi-stage events to be performed easily. Users can simply flip all the data from one stage to the next, carrying through qualifying suppliers and data automatically. Progress from a Pre-Qualification Questionnaire to a Request for Proposal to an auction with just a few clicks.
Make life simpler for suppliers
Available in 14 languages out of the box, web3 eSourcing is fully time zone and currency enabled, and optimised for portable devices so you can work with your supply chain anytime, anywhere. 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 audit 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’re responsible for. Weightings are automatically applied as appropriate.
TRUSTED FOR eSOURCING BY ORGANISATIONS WORLDWIDE
In our customer’s words
See how web3 eSourcing has transformed our clients’ sourcing processes to deliver efficiency, transparency and cost savings.
Product tour
See web3 eSourcing in action
Watch the video and discover the powerful functionality of our intuitive electronic sourcing solution.
“Before, it took Belron UK Ltd at least three months to run a tender from end to end, but we’ve reduced this to just a month with web3 eTendering, part of the web3 eSourcing module.”
Neil Woodyet, Senior Buyer – Dealers & Indirect Goods & Services, Belron UK Ltd
Eliminate process bottlenecks
The intuitive user interface across all web3 modules makes complex processes simple to manage. Make the eSourcing portal available to users across the business to eliminate bottlenecks and increase throughput and returns.
Integrate processes
Reduce the administrative burden by sending automatic notifications to both successful and unsuccessful suppliers via web3. Generate a new contract automatically in web3 Contract Management by pulling all key data from events to contracts.
- What is eSourcing
New to the term e Sourcing, also known as electronic sourcing, or need to refresh your memory? Here’s our explanation of the term.
Electronic Sourcing, or as it’s more commonly known e Sourcing, refers to the online platform buyers use to facilitate supplier selections, negotiations, auctions or similar activities with suppliers, in order to streamline their procurement processes. An electronic sourcing systems offer online tendering and auction capabilities, whist storing essential supplier information that can be passed into other procurement or finance systems, in order to assist buyers in selecting the right suppliers, driving cost savings and efficiency from supply chains.
eSourcing Process
Product Guide
web3 eSourcingFinding and negotiating with suppliers is a time-consuming and challenging process for any business – especially for those with complicated supply chains.
web3 eSourcing can help streamline this process, allowing your organisation to use a suite of online systems to collect and compare information on a range of suppliers, run auctions, tenders, and complete vendor surveys – all designed to help you choose a preferred provider.
SUCCESS STORY
Barratt Developments enjoys streamlined tendering process and improved purchase powerSee how the nation’s largest house builder used web3 Source to Contract to streamline its on-boarding, sourcing and tendering process, allowing them to make substantial time and cost savings while improving overall procurement effectiveness.
Guide
How to get more from your eSourcing investmentSuccessfully deployed, eSourcing systems can reduce the time and costs associated with supplier negotiations, speed up onboarding and improve your ability to negotiate better agreements.
Whether you’re considering an implementation, or reviewing progress on your existing systems, this guide can help you get the most from an eSourcing technology investment.
SUCCESS STORY
Belron UK Ltd takes the fast lane to compliant, value-driven procurementOur sourcing solution provides Belron UK Ltd, the parent company of Autoglass, with electronic tools to streamline procurement, and improve supplier and contract compliance. Using web3 eSourcing, Belron UK Ltd has been able to run faster tenders, reduce the risk of contracts rolling over and increase supplier compliance.
Guide
Spend Matters Sourcing SolutionMap 2019eSourcing technology can come with various features and functionality, and whether you’re looking to replace an old eSourcing solution or want to know which software provider is best suited to your business needs, this latest SolutionMap from leading analysts Spend Matters will help.
Guide
How to extract more from your sourcing processWhether you are just starting your career in procurement or have years of experience, our guide for optimising your sourcing process will be useful. Our guide breaks down the entire sourcing process into five key steps which will ensure that you onboard the best supplies, whilst saving your team’s valuable time and resources.
Next Steps…
