# Best Strategic Sourcing Software - Page 8

## How Many Strategic Sourcing Software Products Does G2 Track?

**Total Products under this Category:** 165

### Category Stats (Jul 2026)

- **Average Rating:** 4.56/5 (↑0.02 vs Jun 2026) The average rating of products in this category, based on all submitted ratings
- **Top Trending Product:** Globality (+1.31%) - Among all products in this category, Globality recorded the largest rating increase compared to last month

_Last updated: July 31, 2026_

## How Does G2 Rank Strategic Sourcing Software Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 7,600+ Authentic Reviews
- 165+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.

## G2 Grid® for Strategic Sourcing Software
 ![G2 Grid® for Strategic Sourcing Software plotting products by satisfaction and market presence](https://www.g2.com/categories/strategic-sourcing/grids.png?focus%5B%5D=510&focus%5B%5D=14938&focus%5B%5D=66702&focus%5B%5D=152664&focus%5B%5D=1284994&focus%5B%5D=14935&focus%5B%5D=149664&focus%5B%5D=150215)

Highlighted products: SAP Ariba, Ivalua, Stampli, ServiceNow Source-to-Pay Operations, Archlet, Scanmarket, Zip, and Tropic.

Underlying data: [Grid® JSON](https://www.g2.com/categories/strategic-sourcing/grids.json?focus%5B%5D=sap-ariba&focus%5B%5D=ivalua&focus%5B%5D=stampli&focus%5B%5D=servicenow-source-to-pay-operations&focus%5B%5D=archlet&focus%5B%5D=scanmarket&focus%5B%5D=zip-2024-02-26&focus%5B%5D=tropic-tropic)

**Sponsored**

### SAP Ariba

SAP Ariba automates management of the purchasing lifecycle for indirect goods and services, to streamline workflows, expedite approvals, and eradicate errors and exceptions. By increasing procurement efficiency, it helps users to manage more spend with less effort, and meet demands with agility and speed. For smaller companies relying on manual methods and simple automation, or a large global enterprises using multiple applications and ERP systems, SAP Ariba solutions deliver end-to-end spend visibility, control, and compliance, to help organizations become more flexible, responsive, and fiscally effective.

[Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list_llm&secure%5Bcategory_id%5D=1118&secure%5Bchosen_at%5D=2026-07-31T19%3A30%3A15Z&secure%5Bdisplayable_resource_id%5D=1118&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=page_category&secure%5Bplacement_resource_ids%5D%5B%5D=1118&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=510&secure%5Bresource_id%5D=1118&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fstrategic-sourcing%3Fpage%3D8%26selected_view%3Dgrid&secure%5Btoken%5D=2ed76149539cfc870ba6070fc7be380b346c69a700a735b9c92b553820ccf96e&secure%5Burl%5D=https%3A%2F%2Fwww.sap.com%2Fcmp%2Fdg%2Fgartner-magic-quadrant-for-source-to-pay%2Findex.html%3Fcampaigncode%3DCRM-YD25-ISM-408603%26source%3DARIBA-click-campaign-G2&secure%5Burl_type%5D=custom_url)

### [Etender](https://www.g2.com/products/andreas-portner-etender/reviews)

Through etender.info, you can manage your business by publishing tenders, comparing bids, adding preferred suppliers, and storing important assets, all the benefits are available on the same platform. Key features of the software These tendering solutions have several basic features, which will make your tender management work much easier. And project implementation will also become easier. 1. Published Tender You can easily publish tenders on your desired category. You can select the existing template according to your needs. 2. Choose templates Here are the templates based on each category, you can easily use our existing templates if you want. 3. Invite Suppliers Using this platform you can send invitations to bid on your tenders to suppliers in your contact list. Suppliers can easily bid on your tenders. 4. Add a Colleague You can add colleagues to manage your tenders. This will make it easier to manage your tenders. A colleague can only manage tenders invited by you 5. Comparing Bids You can easily compare tender bids. You can compare based on item pricing, item options, etc. You can export them to excel if you want. You can create a direct order to your favorite supplier. 6. Collection demands You can collect demand from any company through a demand form. You will have a dynamic link to share. 7. Upload Assets You can upload your required files, videos, documents, images in the assets option. And you can easily use them while publishing tenders. 8. Notifications You will get a notification of every activity of your tender. For example, when someone bids on a tender, you will get an instant notification on your e-mail and dashboard.

#### Who Is the Company Behind Etender?

- **Seller:** [Andreas Pörtner](https://www.g2.com/sellers/andreas-portner)
- **Year Founded:** 2001
- **HQ Location:** Hundsangen, DE
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=8cfd22d8fd610f28dee39228ff7b4e803a88b6f56d6a576b38a9e3cb40b19b09&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fpoertner-consulting%2F&secure%5Burl_type%5D=linkedin_company_website)  
6 employees on LinkedIn®

### [Expent](https://www.g2.com/products/expent/reviews)

Manage everything from sourcing to renewal of vendors in one platform

#### Who Is the Company Behind Expent?

- **Seller:** [Expent](https://www.g2.com/sellers/expent)
- **Year Founded:** 2020
- **HQ Location:** Fremont, US
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=60d829e6c7daff8e96d1ec43b9d268e5a77f358d5cd3f8f35a28ebdde2ac042d&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fexpent%2F&secure%5Burl_type%5D=linkedin_company_website)  
12 employees on LinkedIn®

### [Expenzing Sourcing Manager](https://www.g2.com/products/expenzing-sourcing-manager/reviews)

Strategic Sourcing is a set of software modules that help to select the right suppliers for the needs, to savings starts.

#### Who Is the Company Behind Expenzing Sourcing Manager?

- **Seller:** [Expenzing](https://www.g2.com/sellers/expenzing)
- **Year Founded:** 2010
- **HQ Location:** Mumbai, IN
- **Twitter:** @expenzing  
193 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=70514cca6da3dea5ef4f33799093f617d0c840d88d3412003a883e6b482b0e22&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fexpenzing%2F&secure%5Burl_type%5D=linkedin_company_website)  
181 employees on LinkedIn®

### [Felix](https://www.g2.com/products/felix-felix/reviews)

Felix’s leading vendor management and procurement software helps capital and asset intensive operating environments (construction, critical infrastructure, mining, utilities and property) streamline disconnected procurement processes to deliver sustainable, safe and profitable outcomes.  Use Felix to gain a deeper understanding of your supply chain (including compliance, historic performance and ESG insights), while driving smarter and more efficient procurement by connecting this supplier data with Felix’s intelligent tendering capabilities.   Felix is a modular solution where you can choose from standalone modules to meet specific needs or a connected, end-to-end solution for compelling organisational value. Modules include: - Vendor Management: Consolidate insights from multiple sources to provide a central view of your vendor relationships. - Sourcing: Efficiently and transparently manage tenders without using spreadsheets, word documents or email chains. - Procurement Schedule: Streamline the planning, execution and reporting of procurement activities all within a single, cloud-based tool. - Contracts: Centrally store executed agreements to easily find, track key dates and report on contracts. Our clients are leading names across commercial construction, resources, major infrastructure projects, utilities and other asset-intensive sectors who trust Felix to manage billions of dollars in project spend while managing key supplier risks.

#### Who Is the Company Behind Felix?

- **Seller:** [Felix](https://www.g2.com/sellers/felix)
- **Year Founded:** 2012
- **HQ Location:** Teneriffe, AU
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=8b65b17ead28cdf20dedc9d2dbbe723b65ee277a7a9e05c5375db44bbb78555b&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffelixsoftware%2F&secure%5Burl_type%5D=linkedin_company_website)  
114 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 100% Medium

### [FlexRFP](https://www.g2.com/products/flexrfp/reviews)

EC Sourcing Group offers on-demand supply management solutions for strategic sourcing professionals that are comprehensive, robust & easy-to-use. All of our solutions are developed & supported by former sourcing professionals.

#### Who Is the Company Behind FlexRFP?

- **Seller:** [EC Sourcing Group](https://www.g2.com/sellers/ec-sourcing-group)
- **HQ Location:** New York, US
- **Twitter:** @ECSourcingGroup  
266 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=2aaae73c2536f8eb3aeeffa4ca2c59e51fd114880263796afdee9aaee949df86&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fec-sourcing-group-inc%2F&secure%5Burl_type%5D=linkedin_company_website)  
4 employees on LinkedIn®

### [intello3c](https://www.g2.com/products/intello3c/reviews)

intello3c is a Big Data & Artificial Intelligence based Cost Negotiation Platform for apparel brands, the product helps reduce sourcing cost by 3-5% and costing lead time by 30%.

#### Who Is the Company Behind intello3c?

- **Seller:** [Coats Digital](https://www.g2.com/sellers/coats-digital)
- **Year Founded:** 2019
- **HQ Location:** Bristol, GB
- **Twitter:** @CoatsDigital  
2,117 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=27b6714682d2af4765527b9caf23e02e6a5431658fbba6ecd7cb8329b59fdd68&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fcoats-digital%2F&secure%5Burl_type%5D=linkedin_company_website)  
147 employees on LinkedIn®

### [Ion Wave](https://www.g2.com/products/ion-wave/reviews)

Taking the pain out of complex procurement projects, supplier engagement, diligence efforts, managing contracts, and cross-departmental collaboration. Our user-friendly sourcing tools provide procurement teams with advanced automations and insights helping them clearly identify the best decision in less time.

#### Who Is the Company Behind Ion Wave?

- **Seller:** [Ion Wave Technologies](https://www.g2.com/sellers/ion-wave-technologies)
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=f0670d3607cddd6ad7d2bc93f3aa34a3a347fdbc14f6ef329de41abdba1e3efc&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fgtytechnology%2F&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [iSpec](https://www.g2.com/products/ispec/reviews)

Manage your Complex Outsourced Projects with iSpec. Reduce the risk of delays and cost overruns

#### Who Is the Company Behind iSpec?

- **Seller:** [iSpec](https://www.g2.com/sellers/ispec)
- **Year Founded:** 2002
- **HQ Location:** Singapore, SG
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=a8fe4aa5c0ffb8931718be1d341d69f118ac0f082e10364c461c4c8f86d6f210&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fremy-infosource%2F&secure%5Burl_type%5D=linkedin_company_website)  
6 employees on LinkedIn®

### [ITbid](https://www.g2.com/products/itbid/reviews)

ITbid provides the optimal combination between experience, methodology and technological platform, to be the perfect partner to achieve Purchasing excelence

#### Who Is the Company Behind ITbid?

- **Seller:** [ITBID ESOURCING SOLUTIONS](https://www.g2.com/sellers/itbid-esourcing-solutions)
- **Year Founded:** 2009
- **HQ Location:** Barcelona, ES
- **Twitter:** @ITbid  
265 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=3d77601cdecc6b3a97969f1cf1685d72af3fedc12a36f6bec7c93e8cdbf3665c&secure%5Burl%5D=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fitbid-technologies&secure%5Burl_type%5D=linkedin_company_website)  
35 employees on LinkedIn®

### [Krinati](https://www.g2.com/products/krinati/reviews)

Krinati provides an innovative eSourcing solution for enterprises driving compliance and automation to their sourcing process. Krinati Sourcing helps organizations achieve significant improvement along the 4 Cs - Compliance, Cost, Cycle Time and Collaboration. Our solution is used by marquee companies and they love the ease-of-use, comprehensive feature set and the support we provide to ensure they are successful. Krinati has customers across industries (Financial Services, Auto, Steel, Consumer Food) and across geographies (India, US & the Middle East).

#### Who Is the Company Behind Krinati?

- **Seller:** [Krinati](https://www.g2.com/sellers/krinati)
- **Year Founded:** 2018
- **HQ Location:** Mumbai, IN
- **Twitter:** @gokrinati  
2 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=d71a0c855389fb34da63c89e2f319bc774f6f0efacb08d62d9366dff084bc67c&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fkrinati&secure%5Burl_type%5D=linkedin_company_website)  
13 employees on LinkedIn®

### [Lumari](https://www.g2.com/products/lumari/reviews)

Lumari is an AI-native operations platform that helps procurement and supply chain teams automate tactical workflows, improve visibility, and proactively manage delivery risk. Lumari deploys AI digital workers that execute real operational tasks across sourcing and purchasing processes, including RFQ coordination, supplier follow-ups, quote normalization, and purchase order tracking. These agents continuously monitor supplier communications, shipment updates, and ERP data to surface risks such as delays, quantity mismatches, and pricing discrepancies before they impact production.

#### Who Is the Company Behind Lumari?

- **Seller:** [Lumari](https://www.g2.com/sellers/lumari)
- **Year Founded:** 2024
- **HQ Location:** San Francisco, US
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=2e591e4641d2319a5cb1ff93e3583c63cc1d343ed4de21286f6c77fa75195151&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Flumari-io&secure%5Burl_type%5D=linkedin_company_website)  
6 employees on LinkedIn®

### [Lytica](https://www.g2.com/products/lytica/reviews)

Lytica is a provider of electronic component spend analytics and risk intelligence, utilizing real customer data to enhance supply chain transparency, resilience, and predictability. Their proprietary SupplyLens™ Pro platform employs machine learning and AI to analyze actual pricing data, offering actionable insights that help companies reduce costs and mitigate supply chain risks. Trusted by Fortune 500 and blue-chip companies worldwide, Lytica has analyzed over $250 billion in electronic component spend, enabling clients to optimize procurement strategies and build stronger, more resilient supply chains. Key Features and Functionality: - SupplyLens™ Pro Platform: An integrated online environment providing real-time market pricing intelligence for electronic components. - Spend Benchmarking: Offers comparative analysis for Original Equipment Manufacturers (OEMs and Electronic Manufacturing Services (EMS to assess and improve procurement performance. - Price Estimator: Utilizes a vast database of actual prices paid by real customers to deliver accurate price estimations, aiding in effective negotiation and budgeting. - API Integration: Allows seamless incorporation of Lytica's analytics into existing enterprise systems for enhanced data-driven decision-making. Primary Value and Solutions: Lytica addresses the critical challenges of cost inefficiencies and supply chain vulnerabilities in the electronics industry. By providing precise market insights derived from real-world data, Lytica empowers companies to: - Achieve Cost Reduction: Identify and capitalize on opportunities to lower procurement expenses through informed pricing strategies. - Enhance Supply Chain Resilience: Mitigate risks associated with component shortages and supplier reliability by leveraging comprehensive risk intelligence. - Improve Procurement Strategies: Utilize data-driven insights to negotiate better terms with suppliers and make informed sourcing decisions. Through its innovative solutions, Lytica enables electronics companies to navigate the complexities of the global supply chain, ensuring cost-effectiveness and operational stability.

#### Who Is the Company Behind Lytica?

- **Seller:** [Lytica](https://www.g2.com/sellers/lytica)
- **Year Founded:** 2005
- **HQ Location:** Ottawa, CA
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=934392ad16639f4bc2339ae3a3293bf668c69a4fbd37af3b0cf58e85c7ab2297&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F1411231&secure%5Burl_type%5D=linkedin_company_website)  
59 employees on LinkedIn®

### [Muir AI](https://www.g2.com/products/muir-ai/reviews)

Muir generates should cost models, tariff analytics and carbon footprint reports for customer products. Muir’s AI model generates the Bill of Material, Supply Chain and Intelligence behind any given product to then drive better design and procurement decisions

#### Who Is the Company Behind Muir AI?

- **Seller:** [Muir AI](https://www.g2.com/sellers/muir-ai)
- **Year Founded:** 2022
- **HQ Location:** Seattle, US
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=6b0c5e274985a702d9f1ea0344c03a4661e0744a92f86eedaa2e0c973ef9e143&secure%5Burl%5D=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmuir-ai&secure%5Burl_type%5D=linkedin_company_website)  
13 employees on LinkedIn®

### [negPOINT](https://www.g2.com/products/negpoint/reviews)

With negPOINT you can create tenders and auctions easily and quickly. This enables you to record and store offers from your suppliers in standardized form online.

#### Who Is the Company Behind negPOINT?

- **Seller:** [negPOINT](https://www.g2.com/sellers/negpoint)
- **Year Founded:** 1998
- **HQ Location:** Linz, AT
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=b4eb98ed363ed394d3f19e7db5b346be2938f9f4dbb3fe09db82bd66a29c327c&secure%5Burl%5D=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fworld4you&secure%5Burl_type%5D=linkedin_company_website)  
34 employees on LinkedIn®

### [Nvelop](https://www.g2.com/products/nvelop/reviews)

Nvelop is a source-to-contract platform built on agentic AI, founded in 2024 in Helsinki, Finland. It covers the full sourcing lifecycle — project planning, requirements gathering, RFP/RFQ/RFI generation, vendor discovery, tendering, proposal evaluation, negotiation, and contract award — in a single auditable workspace. The platform uses AI agents that handle specific procurement tasks while keeping humans in control of final decisions. For requirements, the AI drafts requirement sets by analyzing past projects, stakeholder input, and industry standards. It flags gaps, identifies inconsistencies, and suggests compliance clauses - reducing a process that typically takes days to minutes. For RFP generation, approved requirements are transformed into complete, structured documents in under 10 minutes. Compliance clauses, evaluation criteria, pricing templates, and vendor questions are auto-populated based on the procurement type and organizational policies. All RFX types are supported RFI, RFP, RFQ, and RFS. For vendor discovery, the AI scores vendor capabilities against project-specific requirements using historical performance data and compliance records, surfacing qualified suppliers beyond existing vendor lists rather than relying on the same shortlists. For proposal evaluation, AI reads vendor responses across different formats, normalizes them into a common framework, and scores against weighted criteria. This removes format inconsistency as a barrier to fair comparison and eliminates scoring bias across evaluation panels. For negotiation, the platform provides market benchmarks, analyzes vendor positions and historical deal data, and models scenario outcomes before teams enter the room. Built-in collaboration and approval workflows support fast, documented agreements. Compliance is embedded, not added on. Every action is logged with timestamps and user attribution. Policy checks run automatically throughout the sourcing lifecycle. Audit reports can be exported in seconds. The entire audit trail is immutable. Architecture: Nvelop was built with AI at the foundation, not bolted onto a legacy codebase. Where traditional procurement tools require 6–18 months to implement and partially automate individual steps, Nvelop deploys in days and delivers intelligence across the full lifecycle. Automation is configurable - from fully supervised mode where AI recommends and humans approve everything, to auto-execute mode where AI handles routine tasks and flags exceptions. Outcomes reported: 15% spend reduction through AI-benchmarked pricing and cost optimization. 40% faster sourcing cycles by cutting RFP creation from weeks to days and evaluation from 40+ hours to 6 hours. 3x more vendors evaluated per event. 100% audit trail coverage across all procurement activities. Security: SOC 2 Type II compliant infrastructure. Field-level role-based access controls. AI models are trained on anonymized patterns and never use customer data to train models that serve other customers. Target users: Enterprise procurement teams running complex, multi-stakeholder sourcing events — IT procurement, professional services, and regulated industries including healthcare, financial services, and government where audit requirements and compliance are a must.

#### Who Is the Company Behind Nvelop?

- **Seller:** [Nvelop](https://www.g2.com/sellers/nvelop)
- **HQ Location:** Helsinki, Finland
- **LinkedIn® Page:** [linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=b60d37446c80de5501579c1bd30b176c741b661ce3c1ad0465012fb73b5d2578&secure%5Burl%5D=https%3A%2F%2Flinkedin.com%2Fcompany%2Fnvelop%2F&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

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Similar Categories

- [Autonomous Sourcing](/categories/autonomous-sourcing)
- [Contractor Risk Management](/categories/contractor-risk-management)
- [Procurement Orchestration](/categories/procurement-orchestration)

- [Procurement Spend Analysis](/categories/procurement-spend-analysis)
- [Procure to Pay](/categories/procure-to-pay)
- [Purchasing](/categories/purchasing-software)

- [RFP](/categories/rfp)
- [Spend Management](/categories/spend-management)
- [Vendor Management](/categories/vendor-management)

[Browse Strategic Sourcing Themes](/categories/strategic-sourcing/themes)

 ![Nathan Calabrese](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Nathan Calabrese")
NC

Researched and written by [Nathan Calabrese](https://research.g2.com/insights/author/nathan-calabrese)

Updated October 3, 2024

Products within the Strategic Sourcing category support the work performed by procurement teams when planning for assessment and performance management initiatives. The functional capabilities typically included by Strategic Sourcing applications include [project management](https://www.g2.com/categories/project-management), category management, savings tracking, data collection, [team collaboration](https://www.g2.com/categories/team-collaboration), and a supplier marketplace. Strategic sourcing is distinct from tactical and process focused applications that typically support operational requisitioning, ordering, invoicing, and payment processes.

Strategic sourcing is often deployed as a shared service, even for very large organizations, and are used for managing all types of spend — including services and direct, raw, and indirect materials. These shared-service centers often report into the procurement or supply chain organizations.

To qualify for inclusion in the Strategic Sourcing category, a product must:

- Include the capability to collect and store a repository of structured data
- Provide side by side comparison of included sourced products
- Provide the ability to easily create, edit, share, and collaborate on data internally

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