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Too often supplier due diligence is incomplete or out-of-date as records are kept dispersed in multiple locations or with various team members.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.
Dynamic Purchasing System (DPS)
How Advanced Sourcing Management can help you
FEATURES & BENEFITS
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
Easy to understand and can be used by non-procurement team members
Key sourcing components that guide the user through requirements
No more complex folder structures - a single unified workspace for all stages
Guides the user through each stage of the request with ease
Automates sourcing processing to reduce manual input
Empower the wider organisation, helping to support unconscious compliance
Procurement Pipeline Management
Give users a single view of all procurement activities
Educate users and guide them through the correct process
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
Removes the need for repetitive and excessive paperwork
Reduce manual input for both the buyer and supplier
A single space for suppliers to collaborate with buying organisations or respond to complex tender responses
Gather quotes from multiple suppliers
Seamlessly gather quotes from selected suppliers, while remaining compliant
Enable competitve tension and better price and value outcomes
Easily diversify your supplier base and work with those who best suit your needs
*An add-on feature
Removes the requirement for suppliers to log into another portal
Create a quotation form to provide a quick pricing quotation rather than a full tender
Improve speed of supplier responses and acquisition of goods or services
*An add-on feature
Users can configure and publicly host tenders and other opportunities
Allows suppliers to submit responses, request clarifications, and view documentation
Work 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
Understand how your suppliers rank for compliance
Check if a supplier has up to date or adequate insurance policies, certifications and documentation
Access historical record of supplier to review performance
Review past performance metrics
Re-engage if there has been valuable engagement
Maintain quality suppliers only
Users with permission can view all sourcing activities in their area
Collaborating teams can be added to records to provide additional subject matter expertise
Built in approval workflows based on hierarchy
Analytics layer allows leaders with the right permissions to view organisational level reporting and insights
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
Full auditability of all sourcing activities
Identify consolidation and saving opportunities
Support data-informed decisions such as where to spend with future sourcing
Understand the average procurement cycles and process compliance
Supplier due diligence, classifications, and data points support making decisions around the types of suppliers you want to work with
Easily select ethical and responsible suppliers
Tag suppliers by their CSR or ESG profile
Risk ranking of suppliers removes those who do not meet core characteristics
Workflows and permissions
Streamline processes by assigning permissions dependent on value and complexity, risk, or category of the sourcing activity
Easily manage own sourcing activities and understand requirements while also overseeing the wider team's activities
Reduced workload for the procurement team with streamlined processes for low risk or value sourcing activities to guide users through the appropriate process
Hi, we are Advanced.
Talk to us.
Enable the strategic capability of your supplier relationships.
Call us at0330 343 8000