Krinati Sourcing
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What is Krinati Sourcing?
Companies across the globe use Krinati Sourcing to conduct RFIs and RFPs (Direct Spend, Capex, Packaging & Logistics spend), Online Auctions (Indirect spend), and Forward Auctions (Scrap Disposal). Greater spend coverage, greater value!
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Key Features of Krinati Sourcing
Here are the powerful features that make Krinati Sourcing stand out from the competition. Packed with innovative tools and advanced functionalities, this software offers a range of benefits.
- Supplier Management
- Erfx Management
- Auction Management
- Contract Management
- Spend Analysis
- Purchase Order Management
- Invoice Management
- Catalog Management
- Compliance Management
- Budget Management
- Approval Workflow
- Supplier Performance Evaluation
- Risk Management
- Document Management
- Integration Capabilities
- User Access Control
- Reporting And Analytics
- Mobile Access
- Collaboration Tools
- Customizable Dashboards
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Krinati Sourcing Specifications
Get a closer look at the technical specifications and system requirements for Krinati Sourcing. Find out if it's compatible with your operating system and other software.
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Krinati Sourcing Description
Here's the comprehensive description of Krinati Sourcing. Gain a brief understanding of its unique features and exceptional benefits.
INTRODUCTION
eSourcing has been around for more than 2 decades. Why is it that the adoption of eSourcing is still so poor? Why is the limited adoption restricted to the use of online auctions and that too, for a small sub-set of total spend? Krinati Sourcing answers these questions. Companies across the globe use it to conduct RFIs and RFPs (Direct Spend, Capex, Packaging & Logistics spend) Online Auctions (Indirect spend) and Forward Auctions (Scrap Disposal). Greater spend coverage, greater value!
The BENEFITS customers achieve using Krinati Sourcing
- Improved COMPLIANCE – Move to online RFIs and RFPs and automated response comparison, maintain audit trails of all communication and award decisions.
- Improved COLLABORATION – Engage with cross-functional teams while conducting strategic sourcing events, resulting in improved outcomes.
- CYCLE TIME Reduction – Leverage knowledge templates to reduce sourcing cycle times and share best practices quickly and easily.
- COST Reduction – Conduct online Auctions and Competitive RFPs to competitively test suppliers. This is proven to deliver ~9-11% additional savings for amenable spend.
Why Krinati?
- Krinati Sourcing has a guided UI which ensures adoption of the solution. Users start using the solution with minimal training.
- Auctions are feature-rich and support ‘Transformation Bidding’ which helps in establishing TCO models and compare prices between suppliers who differ in many aspects such as technical capability, delivery terms, SLAs, etc.
- Krinati Sourcing is a comprehensive eSourcing solution, built to provide maximum value to customers. The solution goes beyond Online Auctions. RFIs, RFPs, Award Scenarios, Approval Notes, etc. help digitalize the entire sourcing process.
- Our unique Pricing Sheet creation feature helps users build Activity Based Costing (ABC) and Total Cost of Ownership (TCO) models easily.
- With multiple permission-driven roles, the solution ensures adoption by a large set of users.
- We have successful customers across 4 countries, across multiple industry sectors.
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Krinati Sourcing FAQs
What are the top 5 features for Krinati Sourcing?
The top 5 features for Krinati Sourcing are:
- Multi-Currency
- Contract Management
- Purchasing
- Sourcing Management
- Knowledge Library
What type of customer support is available from Krinati Sourcing?
The available support which Krinati Sourcing provides is:
- Phone
- Live support
- Training
Where is the headquarters/company of Krinati Sourcing located?
The headquarters/company of Krinati Sourcing is located at Mumbai.
What types of businesses does Krinati Sourcing serve?
Krinati Sourcing serves a wide range of businesses, including but not limited to Startups, SMBs & Enterprises.
How is Krinati Sourcing commonly used?
Krinati Sourcing is commonly used for various purposes, such as RFP, Strategic Sourcing and more.
Who are the primary competitors of Krinati Sourcing?
The three major competitors of Krinati Sourcing are FairMarkIT, LiveSource and Noosh. Compare and evaluate their features, advantages, disadvantages, and other aspects to find the best option for your business.
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