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STRATEGIC SOURCING SOLUTIONS


NeoGrid develops strategic eSourcing programs for direct and indirect procurement teams to identify and partner with the best suppliers.

Immediately achieve significant savings through our secure cloud-based sourcing software coupled with our global team of strategic sourcing consultants.

  • Experience RAPID RETURN ON INVESTMENT

With our efficient SaaS-based model, clients report that NeoGrid Strategic Sourcing Solutions pays for itself in just 1-2 events.

  • SCALE to GROW your projects

By providing expert resources and streamlined solutions, we enable you to expand your sourcing strategy to cover new categories and markets. A global client of NeoGrid, using strategic sourcing solutions, was able to run 7-8 times more sourcing projects per year without any increase in staff or resources.

  • Obtain SUSTAINABLE RESULTS

As your program grows, we grow with you, providing solutions for auction, negotiation, RFx and more. Our clients typically experience an average of 10 to 20 percent in savings through our online auction and negotiation solutions.

  • Establish BEST PRACTICES

Uphold governance practices to minimize risks by storing historical information and accessing the most recent specifications, supplier lists, terms and conditions and more.

Solutions

For more information on NeoGrid Strategic Sourcing Solutions, please contact us.
 
To download a pdf summarizing our Strategic Sourcing Solutions, please click here.

ezMarket™

eSourcing Software

Managing sourcing events is easier than ever through ezMarket, a secure cloud-based software which buyers and suppliers can easily adopt. The intuitive interface enables companies to quickly access sophisticated features to accommodate complex bids and follow-up analysis. While other sourcing applications sacrifice usability in favor of complicated technology, Global 1,000 organizations prefer NeoGrid eRFx and eAuction because of its easy event creation and unique real-time communication.

Features
  • Secure cloud-based online negotiation tool
  • Quick and easy implementation, most companies are fully functional in under a month
  • Easy to adopt interface for teams and individual users
  • Full RFx functionality with offline supplier response preparation
  • Intuitive RFx custom weight and score, multi-stakeholder scoring
  • Multiple auction types with transformational bidding: Forward, Reverse, Dutch, Japanese, Parallel Bidding
  • Full decision support, scenario analysis, awarding
  • Pre-formatted supplier proposal and bid reports with custom download options
  • In-event messaging and customizable email templates for alerts and communications
  • Event template library, event cloning
  • Buyer’s suppliers kept private – never shared or copied for other buyers’ events
  • Standardized, repeatable processes
  • Unlimited buyer and supplier users
  • Flexible fee structure

Our track record of successful software implementations demonstrates our ability to generate user adoption while delivering value quickly. Our implementation methodology is proven to achieve and sustain significant return on investment, with customers achieving full program ROI within the first one to two events.

Most software implementations take over a year to complete and disrupt a company’s staff and processes. NeoGrid ezMarket eSourcing software solutions are implemented in a fast and low risk methodology, by phasing integration, change management and value creation throughout the life of the deployment. Phased implementations help to reduce the risk associated with new software integration and align a company’s business strategies with their customers.

For more information on NeoGrid ezMarket, please contact us.

Strategic Sourcing Consultants

Global Resources & Expertise

Our professional services team offers various levels of support, from enhancing your existing sourcing program to building entirely new sourcing strategies for you.

Some of the services our strategic sourcing consultants offer include:
  • Sourcing program development
  • Comprehensive access to our resources and expertise
  • Event management from review, execution to analysis
  • User group training sessions plus best practice calls
  • Global customer support for both buyer and supplier users
  • Process compliance to 7-step sourcing methodology
  • Templates: RFx, Event Communications, etc
  • Category experience
  • Technology expertise
  • Project analysis
  • Event management
  • Final event report and analysis

Task Area Key Task Activities Full-Service Coached Self Service
Category Overview Analyze and Review
• sales & market data
• supplier base,
• prior negotiation,
Determine objectives strategy, goals, responsibilities, and more.
Included Optional Optional
Supplier Identification Identify viable suppliers based on your specific requirements Optional with Supplier Discovery Services Optional with Supplier Discovery Services Optional with Supplier Discovery Services
Event Communications Prepare all communications for suppliers, internal stakeholders and more. Included Optional Optional
Event Creation • Create & Test event Included Optional Optional
Online RFx or Online Negotiation • Event Review
• Leverage Templates
• Monitor live event
Included Included Optional
Supplier Preparation • Supplier live training and mock event Included Optional Optional
Post Event Analysis • Review results
• Scenario Analysis
• Decision support
• Determination of Next Steps
• Export/format results
• Identify winner based on agreed upon criteria
• Provide results to Client
Included Included Optional
Support Respond to supplier/client questions and issues Included Included Included
For more information on NeoGrid Strategic Sourcing Solutions, please contact us.

Supplier Discovery


Pre-Qualification Services

NeoGrid supplier discovery and product sourcing consultants will find and prepare a deep portfolio of potential suppliers from which you can choose. Supplier diversity increases competition for your business and decreases risks in your supply chain.

We’ll custom match suppliers to your request, using a mix of our internal NeoGrid Supplier Network, other external databases, and our in depth market awareness so you can focus on your sourcing strategy and negotiations.

  • Custom search and qualification criteria based on your requirements
  • Identify new sources of supply for components, raw materials, finished goods or services and more
  • Discovery and exploration of new geographical zones
  • Pre-Qualify new business partners

We have sourced over 80,000 suppliers in the past 7 years. Pick from 4 offers that best meets your needs:
  • Find: Find new prospective suppliers to stimulate competition and increase savings, delivered in as little as 7 business days
  • Confirm: Determine which suppliers are able to provide the product or service searched for delivered in as little as 10 business days
  • Match: Analyze which suppliers meet all the terms, conditions, and criteria based on specific business needs delivered in as little as 14 business days
  • Validate: Authenticate which suppliers should be added to portfolio for use in current or future negotiations, delivered in as little as 25 business days

Competition from non-incumbent sources provides additional opportunities to help you stay competitive in today’s challenging marketplace. That is why many of the world’s leading companies turn to NeoGrid to run a more efficient search and onboarding process with potential new suppliers for any given product category.

Challenge: Finding and preparing multiple potential suppliers takes a lot of time.
Risks for not engaging Supplier Discovery:
• Lack of competition
• Missed savings opportunities
• Weak portfolio of potential suppliers
• Supply chain breaks or supplier failures
Supplier Discovery Benefits:
• We are independent consultants – not supplier agents
• In depth market awareness
• We don’t just provide a database – every single search is customized to meet individual customer needs
• The NeoGrid Supplier Network: We have our own preferred database of potential suppliers
• No additional costs – just one fixed fee
We save you valuable time and enable sourcing managers to focus on what they do best: strategy and negotiations!
If you have any questions about NeoGrid Supplier Discovery, please contact us.

Supplier Network

Registered providers seeking new business opportunities

At NeoGrid, we have our own preferred database of potential suppliers where our registered suppliers are guaranteed to be included first in every project that matches a buyer’s search criteria.

Collectively, our customers conduct more than 10,000 events a year for thousands of buyers and sellers for a total spend in excess of US$1 trillion. We source 20,000 new suppliers across 800 different product categories yearly, which we recommend to our customers.

By choosing the NeoGrid Supplier Network for your product or service, you will benefit from the following:

  • Expose your product or service to new potential buyers
  • Be recommended first when new suppliers are needed
  • Gain access to the list of projects each month
  • View weekly snapshots of searches in progress
  • Update your profile online, anytime
  • Receive complimentary training on NeoGrid online sourcing tools and demos
  • Have 24 hour, 5 day a week, multi-language support
  • Access million dollar events for only $240 a year

Join the NeoGrid Supplier Network by filling out our supplier registry form here. We look forward to welcoming you to the NeoGrid network!

For more information on NeoGrid Supplier Network, please contact us.
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