Strategic Sourcing Software

Strategic Sourcing

What is Strategic Sourcing Software?

Strategic Sourcing software provides procurement solutions that continuously improves the purchasing activities of a company. Features include capacity management, contract management, purchasing and procurement management, and more.

Common Features

  • Procurement Management
  • Workflow Management
  • Supplier Management
  • Catalog Management
  • Contract Management
  • Communications
  • Spend Analysis
  • Market Assessment
  • ERFx
  • Capacity Management
  • Auction Management
  • Community Support
  • eAuction Functionality
  • Consulting & Advisory

Top Strategic Sourcing Software

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At SoftwareReviews, we take pride in recognizing excellence. Each year, we present the Emotional Footprint Awards to top-performing software products based solely on authentic user reviews, without any paid placements or analyst opinions. These awards shine a spotlight on software vendors who excel in crafting and nurturing strong customer relationships.

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Products: 7
Next Award: Feb 2025

Top Strategic Sourcing Software 2024

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Composite Score
7.9 /10
CX Score
8.4 /10

Promena provides its customers with the highest level of efficiency, control, time and labor savings in purchasing processes with its 4 main modules. E-Sourcing module helps customers to create RFx/e-Auction events. Customers can identify, select and collaborate with leading vendors. E-Procurement module helps businesses to manage the Catalog, Budget, Requisition and Purchase requisition-to-purchase process. With SxM module, customers can have a single database of their suppliers for their entire organization and the procurement processes. With the spend analysis module, customers can easily slice and dice all of the data running through the platform.

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Pros

  • Helps Innovate
  • Continually Improving Product
  • Performance Enhancing
  • Enables Productivity
Badge Winner
Badge Winner
Composite Score
7.8 /10
CX Score
8.0 /10

Scanmarket is one of few strategic sourcing solution providers capable of delivering innovative yet user-friendly quality technology, combined with solid execution, support & services. Scanmarket is a source-to-contract (S2C) software provider that develops advanced functionalities in an effortless design. Our S2C solution is attuned to meet the needs of procurement, legal and finance professionals with applications for strategic sourcing, contract lifecycle management, and third-party risk management.

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Pros

  • Friendly Negotiation
  • Respectful
  • Client Friendly Policies
  • Altruistic
Badge Winner
Badge Winner
Ivalua

Ivalua

Composite Score
7.5 /10
CX Score
7.4 /10

The Ivalua Strategic Sourcing solution provides a comprehensive, intuitive and collaborative toolset to automate sourcing of 100% of your spend no matter how simple or complex, tactical or strategic the sourcing process is. Ivalua helps you to effectively manage all your spend and suppliers on a single platform to generate value across the Source-to-Pay cycle.

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Pros

  • Helps Innovate
  • Reliable
  • Enables Productivity
  • Efficient Service
Badge Winner
Composite Score
7.3 /10
CX Score
7.5 /10

Oracle Sourcing is the enterprise application that drives more and better sourcing through online collaboration and negotiation. It is a key component of Oracle Advanced Procurement, the integrated suite that can dramatically cut all supply management costs. Because strategic sourcing is typically time-consuming and complex, few organizations are able to exploit all available sourcing opportunities. Oracle Sourcing increases the sourcing bandwidth of procurement professionals, so they can exploit many more savings opportunities and capture more value from each.

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Pros

  • Trustworthy
  • Fair
  • Reliable
  • Inspires Innovation
Composite Score
7.2 /10
CX Score
7.1 /10

Workday Strategic Sourcing (includes Scout RFP) streamlines the source-to-contract process. With unprecedented levels of collaboration and visibility, sourcing has never been easier.

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Pros

  • Helps Innovate
  • Trustworthy
  • Efficient Service
  • Effective Service
Composite Score
7.0 /10
CX Score
7.1 /10

Uncover new sourcing opportunities. Consolidate your spend. Choose the right suppliers. Turn paper savings into cash savings with every purchase.

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Pros

  • Reliable
  • Respectful
  • Trustworthy
  • Caring
Composite Score
6.9 /10
CX Score
7.0 /10

Ariba Network is now SAP Business Network. Making your business part of a dynamic, digital marketplace where millions of buyers and suppliers operating all around the world transact trillions of dollars in business commerce every year

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Pros

  • Enables Productivity
  • Reliable
  • Acts with Integrity
  • Performance Enhancing

Products below are ineligible for awards due to insufficient recent reviews

Composite Score
7.8 /10
CX Score
7.6 /10

Supply chains are facing a new era of uncertainty. To ensure that your products get to the people who need them, Luminate® Planning leverages a powerful digital twin foundation to intelligently predict potential problems and opportunities, offer machine learning-based recommendations for action, and pivot production, inventory, and labor plans to minimize risk and deliver with confidence.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
Composite Score
7.7 /10
CX Score
7.5 /10

Our end-to-end strategic sourcing services empower clients in every industry to improve their vendor and stakeholder relationships, realize cost savings, and take a more strategic approach to spend across all direct and indirect categories.

Composite Score
7.7 /10
CX Score
7.6 /10

PROACTIS procurement solutions provide a framework of sourcing, contract, catalogue, and supplier management capabilities that enable you to leverage your organisation’s full buying power, gain best value agreements, and maximise the percentage of “spend under management” across all categories of spend.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Cons

  • Less Effective Service
  • Vendor's Interest First
  • Under Delivered