eSourcing

eSourcing, or electronic sourcing, helps procurement professionals access a diverse pool of suppliers, fosters improved transparency in buyer-supplier relationships, and unlocks opportunities for cost savings.

At its core, eSourcing relies on specialized software designed to streamline and automate the supplier selection journey. This comprehensive process involves identifying potential suppliers, extending invitations to sourcing events, administering questionnaires, evaluating responses, and ultimately awarding the business to the selected supplier.

Learn more about Ivalua's Sourcing Software Solutions.