Coupa Sourcing Optimization delivers flexibility, mathematical optimization, and ease-of-use, enabling organizations to evaluate not just price, but also all non-price elements in supplier offers.
Provide sourcing pros with the flexibility and sourcing analytics to optimize complex categories across your entire business.
Give key stakeholders a single dashboard and user experience for real-time visibility into event progress and results.
Deliver advanced analytical techniques to all users, not just data scientists, with Coupa Sourcing Optimization.
Configure sourcing events based on a virtually unlimited number of evaluation criteria, business constraints, and award scenarios. Identify the best combination of suppliers and goods or services that meet the criteria specified. Ask unlimited "what if?" questions.
Advanced optimization algorithms power your sourcing analytics, delivering ideal solutions that cannot be discovered any other way. Quickly identify alternative solutions and multiple scenarios, taking into account as many or as few business criteria and constraints as necessary.
Flexible bidding empowers suppliers to make their best offers. By grouping items together themselves, suppliers can express their strengths; and by varying elements such as volume discounts or payment terms, they can reflect multiple scenarios.
Coupa can proactively retrieve Risk Aware supplier scores and health indicators for bidding suppliers during complex sourcing events such as logistics and raw materials. Coupa surfaces critical supplier health information within CSO, including key financial, judicial, news sentiment, community and third-party data.
CSO lets skilled sourcing professionals maximize the value of their time by giving them the tools to create projects quickly, using ‘Project Cloning’ features, so they can get new projects off the ground faster than ever.
Fully configurable and automated project workflows remove the administrative burden of managing complex sourcing events and enhances communication between buyers and suppliers.
With Coupa, the results of completed sourcing events flow directly into Coupa’s Contract Lifecycle Management, automatically and intelligently initiating the contracting process.
Spend Matters sourcing futurist Michael Lamoureux and analyst Tom Finn delve into six non-traditional areas where sourcing optimization can identify tangible savings.Watch Now
Understand the impact advanced strategic sourcing can have on your bottom line.
A market leading, global packaging equipment and consumables company identified a 42% savings opportunity.
Join us to hear about real-life examples and optimization “cheat sheets” to get you started.