Strategic sourcing solutions

Once an organisation has the processes in place to accurately understand what it is spending, where and with whom, electronic Sourcing is capable of delivering huge cost savings direct to the bottom line.

Wax Digital's sourcing solutions deliver an accelerated return on investment by aggregating spend, rationalising suppliers and providing a platform for best price negotiation.  

Wax Digital Modules

eRFx
eAuction
Contract Management

Easy-to-use event creation and bid interfaces make setting up online bidding events simple, giving multiple competing suppliers the opportunity to bid in real time for consolidated contract deals.

Aligned with the sourcing process, electronic contract management allows for the resulting negotiated terms to be effectively captured, stored and interrogated.

Key solution business drivers and benefits include:

Cost reduction: A live competitive environment in which suppliers are bidding for consolidated contract spend, typically representing a much bigger opportunity than your business may have represented in the past, creates a formula for significant and immediate cost savings.

Shortened cycles: The average sourcing cycle time can be more than halved when compared to the traditional bidding process.

Supplier consolidation: Spend consolidation means fewer suppliers, each supplying higher volumes: a win-win situation for all those involved.

Performance management: Reduced supplier numbers facilitates better control of both purchaser and supplier performance, whilst electronic contract management provides the raw data for the system to automatically monitor and report on compliance and performance for all parties.
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Wax Digital - Perfectly formed purchasing solutions