Coupa Sourcing Optimization
Make Fast and Accurate Sourcing Decisions
The sourcing needs of global businesses today present numerous challenges but Coupa Sourcing Optimization can identify solutions to the most complex strategic sourcing projects.
Coupa Sourcing Optimization provides the flexibility to source goods and services in all sectors and the analytical power to bring clarity to complex high value sourcing events involving many elements, numerous suppliers and multiple rounds of negotiation.
Applying advanced mathematical optimization techniques to sourcing projects allows buyers to analyse price and non-price elements to find the precise combination of suppliers and goods and services that meet the constraints they specify.
Flexibility – Advanced Sourcing For Any Sector
Coupa Sourcing Optimization provides unparalleled flexibility for buyers and suppliers:
- Infinitely customizable - suitable for advanced sourcing in any sector whether its fresh produce or temporary labor.
- Fully configurable automated workflow and communication between buyers and suppliers.
- 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.
Evidence Based Decision Making
Mathematical optimization is essential in complex sourcing events as the potential number of combinations of suppliers and goods or services often runs into millions.
With preconfigured templates and a simple straightforward user interface, the processes are contained to one useful dashboard that all key stakeholders leverage in real time. What used to take weeks can now take hours.
- Identify the best combination of suppliers and goods or services that meet any criteria specified.
- Ask unlimited ‘what if?’ questions during scenario analysis to find the solution that perfectly meets your needs.
- Identify alternative solutions and analyze multiple scenarios taking into account as many or as few business criteria and constraints as necessary
- Results provided in seconds.
Easy To Use
Coupa Sourcing Optimization makes advanced analytical techniques that were previously only available to PhDs or computer scientists available to all users.
- Create your own 'whole project templates' to guide users through each stage of the creation and analysis of a project.
- Bring a consistency to your sourcing.
- Automatic and intelligent RFI and RFQ creation from your own spreadsheets.
Start Anywhere, Go Everywhere
Source-to-Pay is 100 percent mobile and fully unified with Coupa so customers can quickly configure more parts of the Coupa platform as their business needs change. This is true business agility. Delivered. Modern business moves fast and Coupa Sourcing enables you to make decisions and move faster.
Coupa Sourcing Optimization leverages Coupa’s unified cloud platform for spend analytics, contract management, supplier information management, procurement, invoicing, travel and expense management, and the Coupa Open Business Network™ with more than 3 million suppliers. This easily extends the reach of sourcing across your entire organization.
Drive employee adoption and cost savings.
Eliminate paper, increase efficiency and ensure compliance.
Visibility and compliance through automation. Employees love using it!
Sourcing robust enough for the pros but easy enough for everyday users.
Drive Cost Savings, eliminate wasteful spend.
CONTRACT LIFECYCLE MANAGEMENT
Get all the savings you negotiated.
CONTRACT LIFECYCLE MANAGEMENT
See budget impact before you approve spend.
Get a single view of all areas of spend.
Respect your suppliers. Increase adoption, no fees and frictionless!
Leverage Coupa’s industry leading catalog management with your ERP procurement.