Do you have an On-Demand sourcing solution that measures supplier performance for use in future sourcing negotiations?

Are you able to easily access and negotiate contracts, and track off-contract spending?

Do you have a sourcing solution that offers rapid savings and instills best practices across the enterprise?

PerfectSource is the leading On-Demand strategic sourcing solution suite that rapidly automates the sourcing process, from events to results. Complementing existing procurement and purchasing systems, PerfectSource brings speed, visibility and control to the strategic decisions made before purchase orders are generated and enables new levels of supplier performance management.

Perfected through years of extensive customer-focused product development and thousands of online sourcing events, Event Manager meets the diverse needs of sourcing organizations by offering a high degree of flexibility in event creation and management. From auctions to multi-stage RFx events, Event Manager provides the tools needed to source even the most complex categories, enabling organizations to maximize savings on a broad range of goods and services.

Enhancements such as Supplier Self-Registration, automated Multi-Stage Event support and streamlined Collaboration and Delegation functionality deliver an entirely new level of efficiency within the sourcing process, placing Event Manager far above other RFx tools.

• Negotiate a 15% average reduction in goods and services using Event Managers
• Improve buyer productivity and reduce cycle times by up to 75%
• Reduce sourcing administration costs.

Event Manger offers a broad set of pre- and post-event tools to manage a wide range of event requirements:

• Online management of the entire multi-stage RFI, RFQ, RFP or auction process online
• Flexibility from reverse auctions to RFx events
• One-click event management
• Real-time interactive bid monitor
• Streamlined post-event analysis
• Category and supplier management
• Easy-to-use supplier portal

Contract Manager eliminates traditional inefficiencies by unifying all buy-side contract management activities into one comprehensive system. By using templates and clause libraries, companies have a framework to drive consistent usage of approved contract language. And, through the use of business rules and approval workflow, compliance can be enforced during the contract-creation process. Using Contract Manager, supply managers can cut contract negotiation cycle time in half, reduce contract creation time by up to 75% and gain significant cost savings through improved management of supplier contracts.

Contract Manager provides the tracking and management system necessary to optimize contractual supplier relationships. Key stakeholders from across the organization can generate new contracts, access legacy contract information and monitor contract performance.

A broad set of functionality addresses three key phases of contract creation, management and performance tracking:

• Automated contract creation
• Streamlined routing, approval and authorization
• Centralized contract visibility
• One-click contract dashboard
• Proactive renewal management
• Flexible contract analysis reporting

Perfect Commerce Leveraged Supplier Agreements are pre-negotiated agreements ready for instant adoption. They offer competitive pricing on numerous commonly purchased goods and services, including safety supplies, IT hardware and wireless telecommunications, without a lengthy sourcing process. Most participating suppliers are eProcurement-ready with electronic catalogues, enabling fast and cost-effective transactions.

Leveraged Supplier Agreements feature discount pricing and value-added services from leading industry suppliers, such as MSC, Fischer Safety, Corporate Express, HP, Software House International and Verizon. Because many of these agreements are with best-in-class diversity suppliers, companies can also contribute to corporate diversity goals while saving time and money.

A coordinated, enterprise-wide sourcing program for all purchased goods and services is one of the best ways to improve supply chain performance and deliver better business results. But many supply chain organizations face un uphill battle when trying to analyze and plan sourcing projects for the long term.

The Sourcing Planning solution from Perfect Commerce can help. We work with customers to develop a detailed, executable, three-year enterprise-wide plan for sourcing projects, savings and resource allocation. The phased process of Sourcing Planning includes:

• Analysis of current expenditures, sourcing patterns and spending trends
• Development of sourcing strategies by category
• Timeline and resource requirements for sourcing projects
• Savings projections and business case at the category and enterprise levels
• Three-year action plan that quantifies savings by spend category

Time and resource constraints often limit the number of commodities a supply chain organization can source each year, resulting in lost savings. Perfect Commerce Strategic Sourcing Services meets this need with dedicated resources that enable organizations to conduct more sourcing events and capture additional savings.

Experienced Portfolio Managers apply their deep commodity expertise, a comprehensive supply chain management methodology and leading eSourcing tools to manage sourcing projects on behalf of customers. Our full range of services includes:

• Analyzing current spend to identify savings opportunities
• Selecting the most advantageous sourcing strategy for a particular supply chain category (e.g., auctions, competitive bidding, strategic supplier alliance)
• Identifying and qualifying suppliers
• Managing the Request For Proposal, analyzing bids and recommending suppliers
• Negotiating and implementing the contract

Customers who have used Perfect Commerce Strategic Sourcing Services report average first cost savings of 10% across all sourcing projects, with a 485% return on investment.

Online auctions and other eSourcing events help lower costs and improve efficiency. Even greater savings are possible when event quality and supplier participation can be improved.

Perfect Commerce Event Support Services helps customers achieve these improvements to optimize their savings. From a central auctions control room, our experienced event managers coordinate auction setup, execute events, and manage communication between buyers and suppliers. Event Support Services include:

• Bidder identification and training
• Surrogate bidding
• Event day management
• Call center support

Realizing the highest possible return on investment in eSourcing tools requires increased savings rates, increased spend throughput, and improved event quality and supplier participation. Perfect Commerce Event Management Programs are designed to help companies achieve all three of these benefits, thus maximizing the ROI on eSourcing technology.

Comprehensive Event Management Programs provide Event Support Services, plus on-site support from an experienced e-sourcing manager who helps customers create, structure and manage their e-sourcing program. Our full range of services includes:

• Building and maintaining an eSourcing pipeline
• Implementing a standard, repeatable eSourcing process
• Promoting internal adoption of eSourcing tools
• Identifying suppliers and providing market intelligence on commodities
• Designing events and supporting event execution
• Tracking spending and savings
• Providing ongoing training and change management services

The Perfect Commerce Accelerated Savings Program helps jump-start supply chain savings by rapidly implementing an enterprise sourcing plan. Perfect Commerce experts work hand-in-hand with internal procurement specialists to rapidly develop and implement a sourcing plan for major commodities, including contract implementation and managing auction events. With the Accelerated Savings Program, companies quickly experience the improvement in savings. Organizations can begin to see average cost reduction of 10% on sourced commodities as early as 10 weeks into the program.