Strategic Sourcing Cycle

Strategic Sourcing is specialized. Your platform needs to be specialized. Scanmarket is a Strategic Sourcing specialist and always has been. Many procurement platforms profess to cover everything but end up doing none of it well, especially Strategic Sourcing.

Strategic Sourcing is not procurement. While the terms can sometimes be confused, Strategic Sourcing is a unique discipline with unique needs. It covers the entire business process of setting your sources of supply from start to finish.

Along the way, there’s a lot to manage. You need to:

  • Spend Analytics – Know what you’re spending and with whom
  • Project Management – Keep everything organized and on track
  • eRFx – Get qualitative and quantitative information from your bidders and make sense of the answers
  • eAuction – Negotiate the best pricing from qualified bidders
  • Contract Management – Have a single repository to organize all your commitments
  • Supply Base Management – Keep all the information about your business partners, continuously updated and accurate
Scanmarket is here to help you do just that! Select a module below to learn more:
Scanmarket Strategic Sourcing Cycle

Watch Scanmarket at a glance

Want to better understand Scanmarket's platform and how it can help you? Check out this short video for an overview of our solutions and what strategic sourcing can do for you.



While each of our modules has a specific role, they all work together to make your life easier. All modules have core capabilities including:

Audit trail

Full transparency, accountability & visibility for all participants

Full integration between modules

All data moves automatically from one module to the next

Full Excel integration

Your stakeholders are most comfortable with Excel? We make it easy for them

Quick Call support 24/5

Real-time access to eSourcing experts for you, your team & business partners

Advanced Reporting

Everything you need to know is at your fingertips

Multi-language options

The best language support in the industry


Buyers Key Objectives

You have a lot of competing priorities. You need an organized approach to meet your goals. Scanmarket can help with all of them.

Drive down supplier cost
Increase visibility & control of spend
Reduce operational costs
Get contracts under control
Improve audibility
Increase competition among suppliers
Standardize processes & increase internal compliance
Increase percentage of spend under management
Increase supplier compliance, on-boarding, approval & registration

"Scanmarket is one of few Strategic Sourcing Solution providers capable of delivering innovative yet user-friendly quality technology, combined with solid execution, support & services."


Book a free demo

Ready to learn more? Contact us to get your one-on-one free demo of the Scanmarket platform with one of our consultants to understand how we can help.