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How Does eSourcing Work In oboloo?

The sourcing module in oboloo streamlines the procurement process by facilitating efficient collaboration between your team, suppliers, and internal stakeholders.

This guide will walk you through the key steps involved in utilizing the eSourcing module in oboloo and the available functions to help create a completely dynamic sourcing process.

What Processes and Features Are Available To Users?

oboloo's eSourcing module offers a comprehensive set of features designed to streamline your sourcing process, enhance collaboration and make your sourcing process completely dynamic. The below details the complete process and features users can use within oboloo, however users can pick and choose which areas of the process the use.

1. Dynamic Questionnaires: oboloo enables users to design dynamic questionnaires tailored to their sourcing needs. Various question formats, including multiple-choice and open-ended questions, can be used to gather detailed supplier responses.

2. Sourcing Activity Creation: Users can easily create new sourcing activities, define titles, descriptions, and relevant dates. They can add as many goods or services for suppliers to quote against.

3. Collaboration with Stakeholders: Users can invite internal stakeholders, such as procurement, finance, and legal teams, to collaborate before the sourcing activity goes live. This fosters efficient communication, document sharing, and alignment.

4. Supplier Engagement: oboloo allows users to invite suppliers to participate in sourcing activities. Suppliers receive notifications, access the platform, and complete dynamic questionnaires, pricing and upload relivant documentation according to provided instructions and deadlines.

5. Scoring and Evaluation: Users can establish evaluation criteria against oboloo's scoring mechanism for supplier questionnaire responses. The platform automatically calculates scores based on predefined weighted scoring, promoting a transparent and standardized evaluation process.

6. Financial Analysis: oboloo provides financial analysis features to assess supplier proposals. Users can compare pricing, terms, and financial aspects, enabling data-driven decision-making and cost-effectiveness.

7. Supplier Selection Award: Based on scoring, evaluation, and financial analysis, users can make informed supplier selection decisions. Notifications can be sent to chosen suppliers, and the necessary procurement processes can be initiated.

These features collectively empower users to efficiently manage the entire eSourcing process within the oboloo platform, from activity initiation to supplier selection, contributing to improved customer success and reduced support costs.