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features
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support

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Description

Incorporate BiSourcing into various stages of your operations by enabling modules according to your company's needs. This innovative approach swiftly adjusts to your organization’s processes and protocols, yielding numerous advantages that enhance both workflow and interactions among sourcing team members. By significantly decreasing the overall time required for your processes, you can make much more effective use of your available resources. Engage in productive negotiations with suppliers to secure the best market prices through competitive bidding environments. Gain real-time insights regarding efficiency metrics, expense distribution, and supplier performance to inform your strategies. Additionally, strengthen communication with internal departments and external parties, including suppliers and regulatory bodies, to streamline operations. Ultimately, leveraging our extensive expertise will not only optimize your processes but also foster better relationships within your team and with external stakeholders.

Description

Obtaining competitive quotes often involves the tedious process of contacting suppliers individually via email. SourcingHQ simplifies this by consolidating the process into a single, timed bidding round. You can describe the product or service you require in straightforward terms or simply forward the inquiry received from your customer, and the AI assistant will create a structured request that outlines the necessary items, quantities, and a deadline. You then select the suppliers you typically engage with, allowing them to place bids through an email link, without the need for accounts, while also being able to see their current standing and adjust their offers before the bidding period ends. This platform enables you to analyze the pricing in detail, providing both PDF and Excel reports for easy comparison. SourcingHQ is tailored for small to mid-sized buyers, distributors, and resellers who frequently face one-off and urgent requests where pricing varies significantly. Their free plan allows for three auction events, while paid subscriptions cater to teams that need to source on a monthly basis. Additionally, there is a complimentary tool available to help compare quotes that have already been gathered, ensuring users have a comprehensive way to evaluate their options. This innovative approach not only streamlines the quoting process but also enhances the ability to secure the best possible deals.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

No images available

Integrations

SAP Business One Yes 

Integrations

SAP Business One No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$950/year
A free plan covers three auction events in total. Paid plans start at $950 per year.
Free Trial No 
Free Version Yes 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Aracniastudios

Founded

2003

Country

Colombia

Website

www.bisourcing.com

Vendor Details

Company Name

SourcingHQ

Founded

2026

Country

India

Website

sourcinghq.ai

Product Features

Auction

Absentee Bidding No 
Alerts/Notifications Yes 
Bid Management Yes 
Billing & Invoicing No 
Buy Now Option No 
Dutch Auction No 
Inventory Management No 
Live Auction Yes 
Membership Management Yes 
Nonprofit / Fundraising No 
Online Auction Yes 
Online Bidding Yes 
Online Ticket Sales No 
Proxy Bidding No 
Reverse Bidding Yes 
Silent Auction Yes 
Watch List Yes 
Website Management Yes 
White Label No 

Contract Management

Buy Side (Suppliers) No 
Completion Tracking No 
Compliance Tracking Yes 
Contract Lifecycle Management Yes 
Electronic Signature No 
Full Text Search No 
Government Contracts Yes 
Pre-built Templates Yes 
Sell Side (Customers) No 
Specialty Contracts No 
Version Control No 
Workflow Management No 

Demand Planning

Capacity Planning No 
Data Visualization Yes 
Historical Reporting Yes 
Inventory Optimization No 
Planned vs Actual Tracking No 
Product Introduction Planning No 
Promotions Management No 
Replenishment Management No 
Sales Forecasting No 
Supply Forecasting Yes 

Procurement

Asset Management No 
Auction Management Yes 
Bid Management No 
Budget Management No 
Catalog Management Yes 
Contract Management Yes 
Inventory Management No 
Invoice Processing Yes 
PunchOut No 
Purchase Order Management Yes 
Receiving Yes 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management Yes 
Supplier Management Yes 

Purchasing

Catalog Management No 
Compliance Management Yes 
Contract Management Yes 
Inventory Management No 
Invoice Processing No 
PunchOut No 
Purchase Order Management Yes 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management No 
Supplier Management Yes 

Sourcing

Auction Management Yes 
Budget Management No 
Collaboration Yes 
Global Sourcing Management Yes 
Rfx Management Yes 
Spend Management Yes 
Supplier Management Yes 
Supplier Qualification Yes 
Supplier Risk Management Yes 
Supplier Web Portal Yes 
Template Management Yes 

Vendor Management

Audit Management Yes 
Contact Management Yes 
Customer Database No 
Self Service Portal Yes 
Supplier Master Data Yes 
Transaction History Yes 
Vendor Maintained Profiles No 
Vendor Managed Inventory Yes 
Vendor Performance Rating Yes 
Vendor Qualification Tracking Yes 

Product Features

Sourcing

Auction Management No 
Budget Management No 
Collaboration No 
Global Sourcing Management No 
Rfx Management No 
Spend Management No 
Supplier Management No 
Supplier Qualification No 
Supplier Risk Management No 
Supplier Web Portal No 
Template Management No 

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