Sourcing (SourcePass)
“BAE Systems leverages SourcePass to efficiently gather bid information from our suppliers. The reduction in cycle time leads to dramatic improvements in efficiency and responsiveness while the central information repository offers much better process governance and reporting to our customers.”
Joel Hunt
Project Manager, Reverse Auctions and eRFX
BAE Systems
|
|
SourcePass is a comprehensive, on-demand sourcing solution based on market leading software and hosted within Exostar’s secure Trusted Workspace. SourcePass allows organizations to effectively lower their total landed cost for goods and services, while enabling best practices and enterprise visibility. SourcePass goes well beyond first-generation reverse auctions and electronic request for quote (eRFQ) applications, delivering robust functionality to enable real-world sourcing and supply management strategies. For competitive supply markets, the platform offers a range of direct negotiation formats (including reverse auctions, RFX, etc.).
SourcePass provides immediate access to the Exostar B2B Supplier Network of over 70,000 companies worldwide. Exostar's experienced client services team ensures customer success through strategic sourcing knowledge, best practices, commodity market intelligence and supplier training.
RFx Module
- Request for Information (RFI) – Supports the development of standard or custom questionnaires to quickly gather information and data from suppliers, either as part of a specific sourcing project or an annual supplier qualification program. This module provides easy, side-by-side comparison functionality to aid buyers in their evaluation process.
- Request for Quotation (RFQ) – Supports the development by buyers of complete item request packages to which suppliers may respond electronically. This module provides an easy comparison capability to aid buyers in their award or down-selection process.
- Request for Proposal (RFP) – Supports the development by buyers of complete proposal request packages with questions at the proposal level, as well as the specific biddable item level. This module provides an easy comparison capability to aid buyers in their award or down-selection process.
- B2B Supplier Network – Existing network of 70,000+ registered suppliers.
- Security and Access Control – Users are able to operate in an extremely secure environment with state of the art physical security, network security and application security. Authentication and access to SourcePass is controlled by user name and password.
back to top
Dynamic Online Auctions
Allows sourcing professionals and suppliers to negotiate "best value" for goods and services in a real-time, dynamic bidding environment. Exostar's solution supports the following dynamic negotiation formats:
- Rank and Price – Supplier sees their price and rank, as well as the prices and ranks of other supplier participants.
- Rank Only – Supplier sees only their price and rank and no other supplier prices or ranks.
- Best/Not Best – Supplier sees whether they are in first place or some place other than first. This option can be combined with showing pricing or not at the discretion of the buyer.
- Transformational – Buyer establishes best-value components for bidding, including non-price factors such as quality or delivery, and weights them according to their importance in the total value calculation. Supplier receives real-time view of how they compare across multiple factors against other participants.
back to top
Bid Analysis & Award Optimization Module
This sophisticated optimization engine allows sourcing professionals to quickly and easily evaluate complex bid results and analyze various award scenarios. Buyers can take into account important, real-world evaluation criteria, including supplier bid information, as well as evaluation scores from internal team members. Bid results can be weighed by importance or Total Cost of Ownership (TCO) or Best Value calculations that are easy to set up and utilize. SourcePass then allows buyers to evaluate different award scenarios based on considerations such as carve-outs for disadvantaged suppliers, offset obligations, risk management for critical commodities or supply development goals.
back to top
Integrated RFQ
This innovative service allows organizations to leverage existing enterprise software investments by extending their reach through the Exostar B2B Supplier Network. Exostar can seamlessly integrate sourcing-related data from and back into a customer’s back-office Enterprise Resource Management (RRP) or Manufacturing Resource Planning (MRP) applications, delivering a complete eRFx to suppliers via SourcePass. Buyers can work solely within their enterprise system or leverage functionality in SourcePass as required, while suppliers enjoy an easy-to-use, functional solution to receive and respond to customer Requests for Quote. Exostar provides full support for the supplier community in use of SourcePass, freeing up buyers to focus on the sourcing process and developing superior supplier relationships.
back to top
eSourcing Client Services
Exostar’s Client Services include Training, Implementation, System Integration and Consultative Services. As part of any sourcing service, Exostar is available to assist suppliers as they take part in auctions (surrogate bidding, deleting of errant bids, etc.). Exostar also provides buyer support and assistance with any issues that arise during the sourcing events.
A number of consultative services for both buyers and suppliers are available to ensure customer success. These services cover areas such as:
- Developing low-cost country strategies.
- Supporting low-volume R&D types of negotiations.
- Commodity-specific strategies and planning.
- Change management and technology adoption as it pertains to electronic sourcing solutions.
- Educating suppliers and buyers on how best to participate in online negotiations through auction strategy sessions.
back to top
Please contact Exostar to find out more.