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What is SourceMagnet

Accelerate companies’ transition to sustainable procurement

Fredrik Muri Slettestøl avatar
Written by Fredrik Muri Slettestøl
Updated over 8 months ago

SourceMagnet enables companies to quickly achieve savings, enhance efficiency, and embark on a sustainable journey to streamline procurement and contract processes.

For buyers:

In SourceMagnet, you can run sourcing events (requests)

  • Invite suppliers

  • Receive bids and get prices on the products or services you need

  • Answer questions related to the request process

  • Evaluate prices

  • Award the contract

  • Manage your contracts

With SourceMagnet, you will collect all information about your sourcing events in one place!

For suppliers:

In SourceMagnet, you can answer sourcing events and promote your business by providing details about your products and services and how you run your company.

  • Receive invites to participate in Sourcing events

  • Deliver your bid

  • Ask questions and do clarification related to a Sourcing event

  • Receive updated information about the event

  • Get access to shared contracts

💡Tips: Ensure that your company profile is updated to help buyers understand what products and services you deliver to attract buyers to invite your company to deliver bids.

Are you a supplier that needs to speed up your processes and collect all data related to the event in one place? Please get in touch with us via chat or email at hi@sourcemagnet.com to start digitalizing your source-to-contract processes.

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