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Optimize Your Strategic Sourcing
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.
Optimize Complex Categories Across Your Business
Provide sourcing pros with the flexibility and analytical power to optimize complex categories across your entire business.
Give Visibility to Evidence-Based Decision Making
Give key stakeholders a single dashboard and user experience for real-time visibility into event progress and results.
Amplify Sourcing Expertise Across the Company
Delivers advanced analytical techniques to all users, not just data scientists, with Coupa Sourcing Optimization.
Product Features
Multi-factor evaluation criteria, not just price
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.
Mathematically optimized sourcing solutions
Advanced optimization algorithms power your analysis, 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
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.
Pre-screen suppliers for Risk
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.
Whole project templates
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.
Configurable workflows
Fully configurable and automated project workflows remove the administrative burden of managing complex sourcing events and enhances communication between buyers and suppliers.
Automatic Contract Creation
WIth Coupa the results of completed sourcing events flow directly into Coupa’s Contract Lifecycle Management, automatically and intelligently initiating the contracting process.
On Demand Webinar—Sourcing Optimization in New Categories: A How-to Guide
Spend Matters sourcing futurist Michael Lamoureux and analyst Tom Finn delve into six non-traditional areas where sourcing optimization can identify tangible savings.
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Featured Resources
The Strategic Sourcing Lifecycle
Understand the impact advanced strategic sourcing can have on your bottom line.
Sourcing Optimization in Air Freight
A market leading, global packaging equipment and consumables company identified a 42% savings opportunity.
Sourcing optimization - How to Guide Webinar
Join us to hear about real-life examples and optimization “cheat sheets” to get you started.