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The problem

Bottlenecks in the procurement process

Many organisations run into bottlenecks in their procurement process: it takes too much time, the overview is missing and suppliers are not always chosen on the right grounds.

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Time-consuming process

The procurement process takes too much time due to manual steps and a lack of streamlined workflows.

No overview

Overview of ongoing processes, quotes and suppliers is missing, which slows down decision-making.

Wrong supplier choice

Suppliers are not always selected on the right grounds, such as price, quality and performance.

Who it's for

Who is our Sourcing solution suitable for?

This solution is ideal for organisations that want to accelerate their procurement processes, reduce risk and create better supplier deals.

CPO

The CPO focuses on strategic supplier management and aims to mitigate risk and maximise value with smart sourcing software.

Procurement Manager

The Procurement Manager looks for efficient ways to select suppliers and manage contracts through streamlined sourcing processes.

Finance Manager

The Finance Manager sees opportunities in effective sourcing to realise savings and better utilise budgets.

View all roles ›
How it works

Sourcing in 5 steps

With Sourcing, you streamline the entire Source-to-Contract process: from needs assessment to contract signing. You save time, increase transparency and select the right supplier faster through one digital platform.

Step 1Need

Define the need

Place focus on proper preparation for better bid quality.

  • Gather input via an intake form and sharply map procurement needs.
  • Assemble a project team to define requirements and specifications.
  • Establish a uniform basis for inviting the right suppliers.
Step 2RFx

Start RFx processes

Keep everything centralised and trackable within the Sourcing solution.

  • Easily draft RFx applications using templates for structure and speed.
  • Add product details, documents and questionnaires with knockout criteria.
  • Automate workflows for inquiries, submissions and deadlines.
Step 3Compare

Compare suppliers

Involve stakeholders in the evaluation for a supported decision.

  • Use scoring models to objectively compare on price, terms and sustainability.
  • Monitor progress via dashboards and track responses in real time.
  • Automate reminders and monitor schedule and award dates.
Step 4Decide

Make the decision

Provide clear documentation in preparation for contracting.

  • Select the vendor that scores best on preset evaluation criteria.
  • Let teams decide together for transparent and supported choices.
  • Link selection to the original request for proposal (RFQ).
Step 5Contract

Contract smartly

Strengthen governance and lay a reliable foundation for future sourcing.

  • Automatically generate a draft contract linked to the RFx request.
  • Maintain link between procurement criteria and contractual obligations.
  • Capture agreements in line with compliance and supplier policies.
ISPnext Sourcing: creating an RFx
ISPnext Sourcing: sending the RFx to suppliers
ISPnext Sourcing: analysing supplier responses
ISPnext Sourcing: scores and awarding
ISPnext Sourcing: contract ready for signature
Benefits

The benefits of the Sourcing solution

Sourcing from ISPnext gives procurement teams the tools to select suppliers, automate RFx processes and streamline the entire Source-to-Contract process.

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Procurement policy under one roof

From determining the need to selecting the supplier: you keep a grip on the entire process. Sourcing helps you make choices based on project goals, internal requirements and current supplier data.

Fasten the procurement process

Thanks to flexible templates, streamlined workflows and automated RFx processes, your process runs as planned. That ensures speed and clarity, both internally and towards suppliers.

Good agreements, well documented

All information and documents are in one central location. This ensures that all requirements, from the initial analysis to the time of award, are properly recorded and secured.

Results

Why choose Sourcing from ISPnext?

35%
Time savings on quote comparisons
100%
Traceability in the decision-making process
20%
Increased engagement from internal stakeholders
100%
Streamlined RFx processes and templates
Customer case

What our customers say about Sourcing

More than 450 organisations trust ISPnext. From governments to healthcare and educational institutions, our customers choose speed, transparency and better supplier agreements.

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Customer case · SSC Ons

“We use Sourcing in mini-competitions which contributes to a transparent process and procurement with integrity.”

Alicia Weenink, SSC Ons
Alicia Weenink
Procurement & Contract Management Advisor, SSC Ons
Whitepaper

Want to dive deeper first?

In this whitepaper, learn how to use a structured approach to select the right suppliers, accelerate RFx processes and save costs.

Download whitepaper
Free 5 min read
Whitepaper: Sourcing in 5 steps
More solutions

Our Source-to-Pay solutions

Whether choosing the right supplier, managing contracts or processing invoices, with ISPnext you manage the entire process efficiently and compliantly.

Vendor Management

Manage supplier relationships effectively with automated evaluations and performance monitoring.

  • Reduce risk through visibility into creditworthiness.
  • Centralise supplier and policy information.
  • Build strong, trusted relationships with suppliers.
Vendor Management ›

Contract Management

Streamline contract management from creation to renewal with workflows and compliance monitoring.

  • Centrally manage contracts and easily share with stakeholders.
  • Improve compliance with standardised templates.
  • Get real-time visibility into obligations and performance.
Contract Management ›

Procurement

Automate procurement processes with ordering systems and approval workflows.

  • Order at negotiated prices and terms.
  • Reduce fraud and errors through authorisations.
  • Bring all spend together for optimal control.
Procurement ›
Integrations

ERP integrations for vendor selection

30+ standard ERP integrations, ready to use without customisation.

SAP
Exact Online
D365 Business Central
D365 Finance & Operations
Infor LN
Infor M3
Oracle JD Edwards
BESTMIX
More about our ERP integrations ›
Frequently asked questions

Frequently asked questions about Sourcing

Sourcing is the process of selecting and contracting suppliers based on predetermined criteria, such as price, quality and performance.

Strategic Sourcing focuses on optimising procurement processes by making strategic supplier choices that contribute to long-term goals.

RFx processes include RFI (Request for Information), RFQ (Request for Quotation) and RFP (Request for Proposal), and help with structured procurement.

It provides one streamlined process from needs assessment to contract signing, eliminating errors and delays.

You build the request, invite suppliers through the portal and receive every response in one place. Questions, versions and scores are recorded, so the whole process can be justified afterwards.

Yes, you score bids against several weighted criteria, for example quality, lead time, sustainability and risk. The platform calculates the outcome, which makes the award traceable and well founded.

Sourcing is about finding, assessing and contracting the right supplier. Procurement then covers the operational buying process, from request and order through to invoice and payment.

Ready to get started?

Accelerate your sourcing process today

Join 450+ organisations that have transformed their procurement process.