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Strategic Sourcing

Improve Supplier Relationships and Optimize Strategic Sourcing Solutions

Automate supplier onboarding, qualification, and RFx processes for efficient supply chain management and strategic sourcing and procurement for the pharmaceutical industry

Slingshot’s Strategic Sourcing software helps you identify and onboard potential suppliers and automate RFx processes such as requests for quotations and auctions. Quickly convert quotes to purchase agreements. Monitor supplier performance and compliance.  Qualify your supply base while recording quality agreements, bank and trade references, and insurance certifications. Integrate suppliers into your workflows with Slingshot’s “supplier portal,” allowing suppliers to conveniently respond to RFx tenders, acknowledge POs, and provide invoices and proof of delivery documentation.

Supplier Registration and Qualification

Easily enter requisitions online with authorized employees, saving time and eliminating unnecessary calls. Review and update open requisitions at any time with transparent email confirmations.

RFx Document Creation and Management

Construct and distribute RFx documents, such as Request for Proposal or Quotation, to suppliers, allowing them to submit responses online. Efficiently compare and evaluate supplier responses for informed decision-making.

Supplier Portal Integration

Leverage the supplier portal to streamline procurement activities, including order acknowledgment, promise date updates, shipment confirmation, product catalog maintenance, and price schedule management, fostering efficient collaboration with suppliers.

Automated Scoring and Selection

Automatically score supplier responses based on predefined criteria, facilitating the selection of winning suppliers. With Slingshot's strategic sourcing manager for the pharmaceutical industry, you can seamlessly create contracts or blanket purchase orders with the selected supplier.

Alerts and Reporting

Set up alerts to monitor critical events, such as RFx review readiness, updated supplier profiles, or late purchase order acknowledgments. Integrated report writer enables customization and easy generation of supplier listings, performance reports, and more.

Strategic Sourcing Datasheet (PDF)