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The SourceX® Service provides a structured, best practices-based, green environment to conduct and manage
sourcing and procurement projects.
SourceX® addresses today's business environment of procurement and sourcing challenges including scarce
skills, lack of structure, paper based processes and risk.
SourceX® Modules
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Procurement Planning & Strategy
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The Procurement Planning and Strategy module provides the blueprints for your sourcing project.
Whether its a basic baseline plan generated through the basic online wizard or a large expert driven
sourcing wizard plan and strategy, the PPS module is the essential planning guide for your sourcing
project.
- Online wizard guidance alongside SourceX® experts
- Ensures essential key elements are not missed in the project plan
- Ensures the right questions are asked at the right time
- Ensures risk factors are mitigated at the very beginning of the project
- Ensures key factors are considered
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Knowledge Library
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The SourceX® Knowledge Library Module is the central library or repository for an assortment of
various types of RFP contents and holds the master controls for creating projects, assigning project
coordinator access controls and management of system templates. All the necessary ingredients for
creating a successful RFP begin with the Knowledge Library Module.
- Management, control and maintenance of master database of projects - procurements, requirements
and all related information
- Browsing and selection of components and templates for new projects
- Creates new projects and archives existing projects
- Assigns project coordinator access controls
- Single / multi-language selection
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RFP Module
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The RFP Module contains both the custodian and the sourcing team roles. Whether you are a Project
Manager or a member of a team sourcing a particular solution, the RFP module helps guide the entire
team through the process and is the essential core document generator. All the right ingredients
come together within RFP module to produce a finished product that is ready for presentation to
selected vendors.
- Manages access controls and permissions
- Facilitates updates, additions and modifications of requirements, evaluation criteria, submission
instructions or submission requirements, and service level definition
- Manages comments and reviews
- Controls sourcing process activities and steps
- Management of questions, answers and amendments
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Bid Period Management Module
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The Bid Period Management Module provides the right online automation to allow for efficient
notification and management to vendors throughout the Initial Bidding, Amendment and Question and
Answer processes. The module allows for complete online interaction and management mitigating
"lost fax syndrome" and "missed amendment syndrome".
- Automatic notification of postings via email
- Automatic notifications of questions, amendments
- Management of questions, answers and amendments
- Capturing and tracking responses to vendor questions
- Management of standard systems templates
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Vendor Module
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The Vendor Module brings both the flexibility in an online paperless, structured and collaborative
environment to each vendor as well as the ability to produce a paper based proposal if desired. The
Vendor Module allows for time saving, organizational and structural benefits not allowable in a
paper-based environment. As the main dashboard for each vendor the Vendor module provides transparency
to all vendors and helps mitigate structural and timeline based risks through the Q&A, Amendment
processes and Bid submission processes.
- Online Bid preparation
- Automatic Response Templates generation based on evaluation Criteria
- SRT download and Response Upload functions
- Ability to attach multimedia and links
- Compliance and Completeness assurance
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Evaluation Module
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The Evaluation Module facilitates paperless evaluation by providing stand-alone evaluation tools for
each evaluator and consolidation of all evaluators results for common consensus. The Evaluation Module
is structured on best practices guides and templates which provide for a more efficient, structured and
best practices based evaluation.
- Online view of requirements, amendments, Q&A, vendor direct response, embedded links
including text, audio and video
- Online view of evaluation criteria and scoring template
- Verification of self evaluations
- Prepares evaluation based on number of bids and number of evaluators by section
- Ability to produce specialized custom reports
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Service Management Module
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The Service Management module helps ensure that both the client and the vendor are protected throughout
the duration of the sourcing relationship/contract and that there is true mutual benefits realized by
both the client and the vendor. The service Management Module helps in mitigating structural risks and
ensures there is an ongoing flexibility in the sourcing relationship over the duration of the contract.
- Service levels register and management
- Risk register
- Benefits realization factors management
- Issues register management
- Alignment and change management
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