Executive Briefings

Scout RFP Introduces 'Opportunity-Based' E-Sourcing

Scout RFP, a cloud-based strategic sourcing provider, has launched two new sourcing tools: Pipeline and Intake. Scout Intake, a project request sourcing tool, allows sourcing to efficiently fulfill submitted requests and quickly respond to business needs. Scout Pipeline, project resource tool, allows businesses to gain real-time visibility into sourcing opportunities and directly tie activity to business impact through a collaborative interface, the company says.

Scout Intake and Pipeline give procurement leaders the ability to collect cross-department sourcing requests in one place, the company says, which in turn allows them to forecast sourcing events and make budget decisions based on the request pipeline. Scout says it aims to drive strategic and seamless sourcing with full-cycle project visibility, as well as facilitate heightened stakeholder engagement, more robust reporting and better business outcomes. Users have a comprehensive view into their sourcing activities through features such as a fiscal year summary, project pipeline overview and status alerts.

“Intake and Pipeline are the first tools of their kind to expedite time to value, promote cross-functional visibility, tighten compliance and promote internal wins for smart, opportunity-based sourcing,” said Chris Crane, Scout co-founder and VP of product. “Now, enterprises are able to automate strategic sourcing while promoting flexibility and transparency throughout the process — creating better outcomes and greater business impact.”

Pipeline and Intake work in conjunction to allow sourcing teams, the lines of business leaders and cross-functional groups to collaborate effectively, Scout says. Features such as pre-sourcing requirement gathering, automated request routing and two-way visibility make this possible. This consolidated overview provides a single source of truth for requests and data information. The result is earlier stakeholder involvement, increased accountability and stronger relationships across the enterprise.

Source: Scout

Scout Intake and Pipeline give procurement leaders the ability to collect cross-department sourcing requests in one place, the company says, which in turn allows them to forecast sourcing events and make budget decisions based on the request pipeline. Scout says it aims to drive strategic and seamless sourcing with full-cycle project visibility, as well as facilitate heightened stakeholder engagement, more robust reporting and better business outcomes. Users have a comprehensive view into their sourcing activities through features such as a fiscal year summary, project pipeline overview and status alerts.

“Intake and Pipeline are the first tools of their kind to expedite time to value, promote cross-functional visibility, tighten compliance and promote internal wins for smart, opportunity-based sourcing,” said Chris Crane, Scout co-founder and VP of product. “Now, enterprises are able to automate strategic sourcing while promoting flexibility and transparency throughout the process — creating better outcomes and greater business impact.”

Pipeline and Intake work in conjunction to allow sourcing teams, the lines of business leaders and cross-functional groups to collaborate effectively, Scout says. Features such as pre-sourcing requirement gathering, automated request routing and two-way visibility make this possible. This consolidated overview provides a single source of truth for requests and data information. The result is earlier stakeholder involvement, increased accountability and stronger relationships across the enterprise.

Source: Scout