Find suppliers, negotiate smart, save cash
Streamline sourcing activities, use data to identify the best sourcing options, and drive big cost savings across categories. Sounds good? It’s Medius Sourcing, of course.
Great news - Medius positioned as Gartner Visionary
Read why Medius has been positioned as a Visionary in the Gartner Magic Quadrant for Procure-to-Pay Suites
How to manage supply chain risk
In this guide, we’ll detail the steps you need to take to create your own supply chain risk strategy document to help you avoid supply chain disruption.
Why Medius sourcing?
Complete visibility of your sourcing activities
With a clear and easy-to-follow process, consolidate all your tenders in one place, resulting in greater visibility and measurable savings
Speed up sourcing processes
Flexible scoring and clear supplier bidding criteria ensures you've got a wealth of options to accelerate sourcing and drive down cost
Easy-to-use means rapid ROI
A user-experience based on interfaces you know and love ensures that even non-procurement people can run an event; alongside quick quotes
Medius Sourcing features
Initiate your sourcing events quickly and efficiently
Drastically reduce the time it takes for you to run sourcing events with customizable documents and templates. Issue an RFP at the push of a button Then, run through a robust approval process to ensure you improve compliance.
Help your suppliers respond to an RFP rapidly
Eliminate manual data entry errors and boost the breadth of data you capture when inviting suppliers to tender. Vendors will be invited to issue their proposal in our online portal, giving you crucial details such as risk metrics, accreditations, and much more.
Easily identify and rank suppliers
Once your suppliers have submitted tenders, rank, evaluate, and analyze their responses to create a shortlist based on data. Then, raise the stakes by holding real-time eAuctions (Dutch, Japanese, and English) to drive down costs.
Detailed analysis tools to understand spend
Constantly scrutinize your sourcing with detailed reporting. First, Medius Sourcing helps you evaluate responses to tendering. Then, after running your sourcing event, automated analysis helps you discover savings with the opportunity to drill down into greater detail.
Integrate Medius Sourcing with your back-office
Rapidly bring together your back-office and third-party systems using Medius Connect. It features:
- Implement any Medius solution, including Sourcing, and then set up connectivity with your ERP or back-office system
- Manage a stable integration with our ERP, using pre-built connectors
- Monitor connectivity between Medius solutions and other software in a graphical interface
Join these organizations who depend on Medius to spend smart
What is eSourcing?
Electronic sourcing, or eSourcing, is the use of web-based systems to collect and compare information about suppliers in order to help buyers make the best choice of provider. eSourcing technology can help organizations make savings in existing supply chains or identify the optimal setup for vendors.
It can also help to increase visibility of key business-related information and reduce the amount of time it takes for procurement staff to do daily tasks. Whilst sourcing is only part of the overall procurement process, it is a crucial part. It involves everything from inviting potential suppliers to tender, collecting vendor information, running tender processes and eAuctions, analysing/evaluating responses, and issuing contracts.
Benefits of eSourcing
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Timesaving and efficiency boosting
eSourcing can accelerate the time it takes to award a contract to a supplier by drastically reducing the time procurement specialists have to spend on the tendering process, giving them more free time to spend on other important tasks.
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Improves compliance
eSourcing can allow all procurement-related documents to be stored in just one place. By doing this, auditing is made simpler, and by extension so is compliance with any regulatory procedures. This is because eSourcing shows exactly why a supplier was selected, and how.
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Leveraging detailed supplier information
It can allow for not only better transparency in how contracts are awarded, but overall transparency between buyers and suppliers. Typically, a portal is used where suppliers can see all tender opportunities, alongside any deadlines, statuses and other key information.
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Reduction in costs
These platforms allow buyers to access a much broader range of suppliers, and additionally affords them the ability to leverage different eAuction strategies. This, alongside timesaving and transparency, allows significant cost saving for procurement teams.
Magdalena was very nice and helpful even though we kept adding more to the ticket for several days in a row. She helped us out really quickly. Thank you!
Ivana Buden
Dellner Couplers
We’ve got peace of mind that our suppliers are financially secure, ethically sound, and able to deliver the products, services, and quality we need.
Neil Woodyet
Senior Buyer, Dealers & Indirect Goods & Services at Belron UK Ltd
Magdalena was very nice and helpful even though we kept adding more to the ticket for several days in a row. She helped us out really quickly. Thank you!
We’ve got peace of mind that our suppliers are financially secure, ethically sound, and able to deliver the products, services, and quality we need.