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.
With our efficient SaaS-based model, clients report that NeoGrid Strategic Sourcing Solutions pays for itself in just 1-2 events.
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.
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.
Uphold governance practices to minimize risks by storing historical information and accessing the most recent specifications, supplier lists, terms and conditions and more.
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
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.
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:
|Task Area||Key Task Activities||Full-Service||Coached||Self Service|
Analyze and Review
• sales & market data
• supplier base,
• prior negotiation,
Determine objectives strategy, goals, responsibilities, and more.
|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
|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
|Support||Respond to supplier/client questions and issues||Included||Included||Included|
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.
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!|
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:
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.