Sourcing Optimization

A focused view of sourcing solutions that emphasizes the ability to perform scenario planning, deep cost modeling and strategic sourcing decision optimization on award scenarios on large, complex sourcing events.

Why invest in Sourcing Optimization technology?

Intended to yield optimal ‘win-win’ sourcing decisions in large/complex sourcing events (i.e., line items, overlapping bidders, objectives and constraints), sourcing optimization solutions enable users to model business/sourcing objectives and ‘constraints’ by product, category, supplier, region and/or event-specific rules (e.g., award allocations to diversify spend to various supplier types).

Why selecting the right Sourcing Optimization Technology can be difficult

Generalists or specialists

As optimization is part of broader sourcing solutions, understanding the deep and complex technical capabilities of sourcing optimization approaches and niche vendors while considering them in conjunction with core sourcing solutions.

Specific requirements

Identifying deep sourcing optimization requirements versus the heterogeneous capabilities available, which can go from making advanced what-if scenarios available to a large population of users to a set of very deep capabilities limited to a small number of use cases and users.

Top 5 Sourcing Optimization Tech Capabilities

Learn more about Sourcing Optimization tech capabilities and discover the importance of capabilities in your technology selection.

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Top capabilities of Sourcing Optimization chart

Spend Matters intelligence helps you identify which solutions enable you to:

Give users the ability to analyze bids with a flexible what-if scenario engine to optimally allocate bids to requirements, options, alternatives and constraints.

Let suppliers bid flexibly on the requirements that they can support at lowest TCO.

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