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Our gen AI automation and best-in-class templates get you started in minutes. Enable the RFx functionality in your existing Zip workflows with a click. Zip AI automatically imports content from spreadsheets or docs, suggests potential questions based on the category, and suggests similar vendors to include.
Keep a permanent record for each RFx event and the award decision. Use Zip's messaging center for vendor communication to maintain process visibility and eliminate the need for emails.
Specify event stakeholders, and Zip handles the rest. We'll loop them in at the right time, send reminders, and guide them to score vendor responses, collecting all the data for your award decision.
Start an RFx event from any existing Zip request or intake. Once winners are chosen, awards seamlessly flow into Zip requests and contracts, without having to enter all the information again.
Our dashboards show total spend, cycle time insights, and savings recorded. Use the savings center to set and track goals, and measure your team's impact.
"Zip has transformed our sourcing process, streamlining tasks we previously had to do manually such as vendor scoring and cross-functional collaboration. And since all sourcing requests are now coming from Zip, we’ve been able to manage everything in one platform and eliminate the need for our employees to navigate multiple procurement tools."
"Zip has transformed our sourcing process, streamlining tasks we previously had to do manually such as vendor scoring and cross-functional collaboration. And since all sourcing requests are now coming from Zip, we’ve been able to manage everything in one platform and eliminate the need for our employees to navigate multiple procurement tools."
“Strategic sourcing” is all about finding suppliers that can provide extra value by establishing a collaborative, ongoing relationship with the organization. This approach to supplier management is ideal for large or high-risk purchases where an organization may need the supplier to provide a white-glove experience.
Choosing a vendor after a rigorous strategic sourcing process provides both short- and long-term benefits. Short-term, the supplier provides a product or solution that effectively solves a problem for the organization. Long-term, an organization can develop a collaborative relationship with the supplier, often working together to improve the supplier’s product and solve new problems for the organization.
Sourcing is an important part of the procurement process that involves researching, evaluating, and selecting a supplier to provide a good or service. Zip’s strategic sourcing software helps with each part of the sourcing process with features like AI-assisted RFx generation, automatic compliance documentation, vendor scoring, and more.
An RFx – a “request for anything” – is a catch-all term. It refers to the communication that happens when an organization begins contacting potential vendors about goods or services they want to purchase. Historically, this has been a slow, manual process involving lots of documents and emails. Zip’s RFx solution drastically cuts down the amount of work involved by helping with RFx generation, facilitating stakeholder collaboration, and surfacing the right information for decision-making.
The right strategic sourcing software is one that meets the needs of your organization. Zip’s sourcing solution:
Strategic sourcing tends to focus on supplier relationships, strategic planning, negotiation and contract management, supply chain stability, and a variety of other factors. Operational sourcing – sometimes simply called “procurement” – tends to focus on more tactical, day-to-day transactions.
Zip is a powerful solution that can help you streamline your sourcing process by coordinating, automating, and optimizing key workstreams.
Zip provides a “single front door” for everyone involved in the sourcing and procurement process. With Zip, every requester and every approver knows where to go, what to do, and what the next step is. Purchases happen faster, the organization saves money, and the risk of working with new suppliers is significantly reduced.
Guide
Elevate your procurement strategy and realize significant savings with our advanced sourcing guide
Webinar
In the face of tight budgets and increasing vendor risk, strategic sourcing has become a critical capability for procurement leaders.
Blog
we are proud to announce the launch of Zip Sourcing.
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