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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
This platform functions as an electronic auction site that enables companies to lower their expenses through its online software. During your initial bidding event with our e-Auction tool, you can achieve savings exceeding 5% on your existing contract rates. Additionally, we assist our clients in identifying suitable suppliers before the bidding process, and we take pride in offering the most user-friendly e-auction software available, requiring no external assistance. Prior to launching an e-Auction, it is crucial to evaluate suppliers effectively. This procurement solution guarantees that all selected suppliers can effortlessly access technical documentation and allows buyers to receive updates from our system regarding supplier participation in the bidding event. Buyers also have the opportunity to discover suppliers from our extensive database, enabling them to seek out and invite new suppliers to their auction event. Furthermore, you can explore the market to investigate, assess, and present alternative supplier options to enhance your sourcing decisions. The comprehensive features of our platform ensure that companies can optimize their procurement processes efficiently.
API Access
Has API
No
API Access
Has API
No
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
$100 one-time payment
Free Trial
Yes
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
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
No
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
SourcingHQ
Founded
2026
Country
India
Website
sourcinghq.ai
Vendor Details
Company Name
LCCsuppliers
Founded
2015
Country
Turkey
Website
www.bideg.com
Product Features
Sourcing
Auction Management
Yes
Budget Management
No
Collaboration
No
Global Sourcing Management
No
Rfx Management
Yes
Spend Management
No
Supplier Management
Yes
Supplier Qualification
No
Supplier Risk Management
No
Supplier Web Portal
No
Template Management
No
Product Features
Auction
Absentee Bidding
Yes
Alerts/Notifications
Yes
Bid Management
Yes
Billing & Invoicing
No
Buy Now Option
No
Dutch Auction
Yes
Inventory Management
No
Live Auction
Yes
Membership Management
No
Nonprofit / Fundraising
No
Online Auction
Yes
Online Bidding
Yes
Online Ticket Sales
No
Proxy Bidding
No
Reverse Bidding
Yes
Silent Auction
No
Watch List
No
Website Management
No
White Label
No