The sourcing platform built to help you save.
Move your sourcing beyond spreadsheets and onto a unified procurement platform.
Find, evaluate, and award the right suppliers with data-driven sourcing.
Improve savings with competitive bidding
Run auctions and RFx events that let suppliers compete equitably, helping you secure the best value for every category.
Faster, smarter supplier selection
Use structured evaluations, weighted scoring, and data-driven comparisons to identify the right suppliers quickly and confidently.
Compliance in every event
Standardize sourcing processes with built-in templates, approval workflows, and audit trails to ensure compliance and reduce risks.
Better collaboration and visibility
Centralize all sourcing activity in one platform making it easy for teams to collaborate, track progress, and gain full visibility into supplier negotiations.
Sourcing strategy and RFQ
- Workflows
End-to-end sourcing workflows
Customize details across sourcing workflows with approvals, evaluations, and shortlisting to ensure governance and alignment across stakeholders.
- RFx
Structured sourcing events
Create and manage RFPs, RFQs, and RFIs with standardized templates that ensure consistency across categories.
- Automation
Automated sourcing workflows
Automate notifications, deadlines, and follow-ups to accelerate sourcing cycles without compromising control.
- Analytics
Data-driven decisions
Compare supplier responses with automated comparison charts and supplier performance scoring charts to objectively identify the best-fit suppliers.
Bidding
Competitive eAuctions
Run RFQ auctions that allow suppliers to compete equitably, driving down costs while maintaining transparency.
Supplier collaboration and transparency
Enable suppliers to respond through a secure vendor portal, ask clarifying questions, and submit revisions, ensuring fair competition and complete audit trails.
Smarter bid evaluations
Access side-by-side comparisons and in-depth analysis to speed up decision-making without missing key details.
Contract management
Contract repository
Access all contracts in a secure, searchable centralized repository for easy, efficient management. Keep stakeholders informed with timely notifications on critical decision-making updates.
Contract details
Capture and segment key information from every contract such as date, amount, terms, duration, and more.
Audit logs
Ensure compliance and easy audits with detailed logs of historical changes made in every contract.
From source-to-pay, build a value
chain that lasts.
Onboard suppliers and streamline collaboration to build valuable supplier relationships.
Supplier management
Contract authoring, approvals, repository, and more with Zoho Procurement.
Offer guided buying through punchouts and automate company policy enforcement.
Procurement
Leverage smart 3-way matching for on-time payments through ACH.
AP automation
Frequently Asked Questions (FAQs)
Strategic sourcing software helps organizations plan, manage, and optimize supplier selection through data-driven sourcing, bidding, and evaluation to reduce costs and improve value.
You need strategic sourcing software if you want better supplier visibility, controlled sourcing processes, cost savings, and faster, more informed purchasing decisions at scale.
Zoho Procurement's comprehensive RFx module helps businesses run RFQs, RFPs, and RFIs seamlessly to source goods and services. With a dedicated vendor portal, it enables contextual collaboration, easy bid comparison, and faster, more informed award decisions.
Yes, Zoho Procurement allows businesses to run all types of sourcing projects, giving companies the flexibility to run sourcing events for both goods and services.