Explore Sourcing Analytics & Optimization
Model Complex Requirements in Structured Events
Consistently capture data from suppliers for apples-to-apples comparisons across business requirements, risk factors, Corporate Social Responsibility considerations, and more. Easily manage complex evaluation criteria and categories to enable bid assessments based on what is valuable to the company.
Achieve Optimal Solutions with Optimization
Uncover ideal solutions that cannot be discovered any other way with Coupa's advanced optimization algorithms. Quickly identify alternative solutions and multiple scenarios, taking into account as many business criteria and constraints as necessary. Ask unlimited "what if?" questions.
Invite Creative Bids from Suppliers
Flexible bidding empowers suppliers to make their best offers. By grouping items together themselves, suppliers can express their strengths. Varying elements such as volume discounts or payment terms also enable them to consider multiple scenarios.
Incorporate Risk and Compliance into Award Criteria
Beyond pre-screening of suppliers for Financial, compliance, and other types of risks, you can incorporate risk and policy compliance goals into into award criteria. From promoting Diverse suppliers to penalizing sole-source decisions, you get the flexibility you need to truly optimize awards.
Streamline Event Administration
Remove the administrative burden of managing complex sourcing events and enhance communication between buyers and suppliers with fully configurable and automated project workflows.
Get Events Moving Quickly
Increase sourcing efficiency and get new projects off the ground faster with prebuilt templates and the ability to clone existing spreadsheets, events, and projects.