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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.
Description
Your business might miss the best supplier. This could result in a drop in productivity and lower business efficiency. Your business could see a drop in cost savings. These are all things that Zycus' powerful strategic sourcing module, "iSource(tm"), will take care of. With our eSourcing solution, you can source simple and complex categories easily. Our eSourcing software is then configured and empowered to meet your procurement goals. This allows you to have a greater impact on business performance by reducing sourcing cycles by between 5 and 15%. Instant visibility to savings and event statistics. Market-driven decisions that are factual. Ability to manage large-scale sourcing projects that involve more stakeholders. Ability to manage simple, tactical, and immediate sourcing projects. A built-in platform to identify key suppliers and to record the savings made after each round of negotiations.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
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
Pricing Details
No price information available.
Free Trial
No
Free Version
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
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
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
SourcingHQ
Founded
2026
Country
India
Website
sourcinghq.ai
Vendor Details
Company Name
Zycus
Founded
1998
Country
United States
Website
www.zycus.com/solution/strategic-sourcing.html
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
Product Features
Sourcing
Auction Management
Yes
Budget Management
No
Collaboration
Yes
Global Sourcing Management
Yes
Rfx Management
Yes
Spend Management
No
Supplier Management
Yes
Supplier Qualification
Yes
Supplier Risk Management
Yes
Supplier Web Portal
Yes
Template Management
No