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ease
features
design
support

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Description

Maximizing the profit margins you gain from your suppliers can be a challenging endeavor and is often regarded as a skillful art. In the realm of purchasing, it's apparent that suppliers do not always provide their most competitive pricing. This creates a perpetual cat and mouse dynamic regarding how profits are shared between your company and the suppliers. The best pricing is influenced by how eager the supplier is to secure your business, and their level of concern about potentially losing it. So, how can one effectively and swiftly illustrate this concept? Procurement Power offers a streamlined platform where suppliers compete against one another and can clearly see their bidding positions, which ultimately creates a more equitable marketplace. Numerous Fortune 500 companies have recognized the advantages of this purchasing strategy and have been implementing various auction systems for their suppliers for several years now. It's important to note that every purchase carries its associated costs, which can fluctuate based on the nature of the item being procured and the extent of negotiations involved. Additionally, understanding these dynamics can lead to better decision-making and improved supplier relationships.

Description

The TacticSource online sourcing platform empowers sourcing teams to enhance their negotiated savings and speed up processes through strategic methods like online reverse auctions. This user-friendly, entirely web-based solution boosts the productivity of sourcing professionals, allowing them to secure savings across a greater number of sourcing initiatives. By utilizing online reverse auctions, organizations can realize substantial cost reductions in both direct and indirect procurement. It is crucial to optimize expenses, mitigate risks, and ensure that the savings achieved are fully capitalized upon. Furthermore, the platform fosters collaboration between suppliers and internal stakeholders during sourcing projects, promoting impartiality in supplier assessments. It also facilitates the accumulation and sharing of sourcing knowledge through a centralized repository that houses all relevant sourcing data. Consequently, this not only improves the expertise of sourcing professionals but also enhances the overall competency within the organization. By continuously engaging with the platform, businesses can stay ahead in their sourcing strategies and drive even greater value.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Serex Procurement Solutions

Founded

2013

Country

Canada

Website

www.serexprocurementsolutions.com

Vendor Details

Company Name

Tactica

Founded

2004

Country

Hong Kong

Website

www.tacticacommerce.com/eSOURCING

Product Features

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Product Features

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

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Alternatives

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