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Add-On
Strategic Sourcing
Unify sourcing, onboarding, and risk management to enhance procurement efficiency.
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Worldwide companies have chosen Pivot as their procurement platform
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Pivot to Pivot
Here's why.
Engage stakeholders early
Involve the right people early to make sure vendor requirements are clear and duplicate requests are caught before they happen.
Keep one source of truth
One place for vendor data, security certifications, and compliance documents so your team meets internal requirements.
Streamline risk assessments
Embed security and compliance checks into procurement workflows to keep reviews consistent, efficient, and on schedule.
Streamlined sourcing, trusted outcomes
Streamline vendor selection with structured bids, ensure seamless compliance, and onboard suppliers with ease.
Flex your RFX for vendor success
Streamline vendor sourcing, centralize data, and minimize risks, ensuring confident, collaborative decisions.
Discover RFX
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Quick and easy risk assessment
Increase your risk visibility and control to proactively manage vendor threats and safeguard your business.
Discover Third-Party Risk Management
Vendors that onboard themselves
Let suppliers quickly provide and update all necessary information through a self-service, guided onboarding process, keeping your procurement compliant and audit-ready.
Discover Vendor Portal
Streamlined sourcing, trusted outcomes
Streamline vendor selection with structured bids, ensure seamless compliance, and onboard suppliers with ease.
Flex your RFX for vendor success
Streamline vendor sourcing, centralize data, and minimize risks, ensuring confident, collaborative decisions.
Discover RFX
Quick and easy risk assessment
Increase your risk visibility and control to proactively manage vendor threats and safeguard your business.
Discover Third-Party Risk Management
Vendors that onboard themselves
Let suppliers quickly provide and update all necessary information through a self-service, guided onboarding process, keeping your procurement compliant and audit-ready.
Discover Vendor Portal
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Power up with integrations
No-code integrations that help you make life easier for your team.
Discover all integrations
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Get the support your team needs
A diverse, multilingual team ready to support finance teams across the globe.
Discover the team
Frequently asked questions
What does strategic sourcing software do?
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Strategic sourcing software helps you identify the best suppliers, negotiate better terms, and manage the entire sourcing lifecycle from opportunity identification to contract award. It streamlines RFx events, provides analytics for decision-making, and ensures consistency across all procurement activities. Pivot offers a unified platform for managing sourcing processes with customizable templates, automated workflows, and tools for supplier evaluation and comparison.
What is the strategic sourcing process?
The strategic sourcing process involves analyzing your spending, identifying opportunities, developing category strategies, running competitive sourcing events (like RFPs or RFQs), evaluating supplier proposals, negotiating terms, and awarding contracts. Pivot supports each step by centralizing documentation, automating workflows, and providing dashboards to track progress—all within one system to eliminate double data entry and improve efficiency.
What are the benefits of strategic sourcing?
Strategic sourcing delivers cost savings through competitive bidding, improves supplier relationships through better collaboration, reduces procurement cycle times, and provides visibility into spending patterns. It helps you make data-driven decisions, ensures compliance with procurement policies, and optimizes your supplier base. Pivot enhances these benefits with AI-powered analytics, seamless data transfer across modules, and transparent workflows.
How do you select a sourcing software?
Run an RFx (RFI, RFP, or RFQ). Create a detailed requirements document outlining your sourcing needs, then invite potential vendors to respond through a formal RFx process. Pivot's RFx module lets you upload any format of questionnaire, customize scoring criteria, compare responses side-by-side, and track the entire evaluation process with full audit trails—making vendor selection transparent and efficient.
Procurement Built to Scale Profits,
Not Problems.
Don’t take our word for it. You ask, we answer.
See for yourself inside Pivot.