IBX eSourcing is based on MySAP SRM from SAP. This solution automates and streamlines strategic sourcing for all commodities. Providing support for analysis and strategy as well as sourcing execution and implementation the web-based application allows users to expedite essential functions such as collaborative project management, online bidding, contract negotiation , and ongoing compliance.

IBX eSourcing enables sourcing professionals to optimize supplier evaluation, bidding events, and business planning providing support for a centralized sourcing process that includes:

Analysis and strategy – Time spent in the analysis and strategy phases of the sourcing process amplifies the results of qualification and negotiation optimizing evaluation and awarding.
Supplier qualification – Identify and qualify new suppliers. With IBX eSourcing, you can perform ongoing evaluations and select preferred suppliers for particular products and categories. IBX eSourcing supports demand and market analysis, specification development, and approved-vendor list management.
Supplier negotiation – Assess suppliers and select the right supplier for a certain product or service. IBX eSourcing enables you to use auction and bidding techniques for event preparation, requests for quotation, and reverse auctions.
Bid evaluation and awarding – Conduct robust bid evaluation, including weighted score analysis. The application enables side-by-side comparison of bids to evaluate proposals based on price as well as delivery times, experience with the supplier, dependability, and ability to deliver.

Like all our solutions for sourcing and procurement, the Enterprise Sourcing Cockpit is available as an on-demand solution, meaning that you pay for what you use.