Sourcing Event Management
Strategic Sourcing, Fully Orchestrated
Plan, execute, and optimize sourcing events with full visibility, connected data, and seamless collaboration across stakeholders.
How Teams are Benefiting
Super-fast sourcing.
Automatically generate sourcing events with contextual AI, pulling in the right data and information so teams can focus on strategic work instead of manual setup.
Easy evaluations.
Standardize supplier evaluations with structured, configurable scoring and shared workflows, ensuring more consistent, data-driven decisions.
Smart Collaboration.
Collaborate seamlessly across sourcing project stakeholders by routing the right data, questions, and responses to the right people at the right time.
“Focal Point has significantly enhanced our procurement department’s efficiency by reducing cycle times and establishing a single source of truth for indirect procurement. This tool has streamlined communications and improved our decision-making processes, thereby contributing to a more effective procurement strategy.”
Derek Schmidt
Manager, Corporate Procurement & Travel
How it Works
Effortless Event Creation
Generate sourcing events instantly with AI.
Leverage AI to automatically generate RFP questions and content. By using contextual procurement data, Focal Point creates more complete, accurate sourcing events faster, reducing manual effort and accelerating time to execution.
Simple, Structured Events.
Standardize evaluations with AI-powered scoring.
Organize RFP questions into configurable sections with built-in scoring to automatically evaluate supplier responses. Route responses to stakeholders for review, enabling seamless collaboration & faster decision-making.
Score Everything.
Score every part of the supplier response.
Assess both your RFP responses and critical supporting documents (like security and compliance artifacts.) Apply consistent scoring across all inputs to ensure more informed, strategic sourcing decisions.
Lots & Items Made Easy.
Structure complex sourcing events with precision.
Create sourcing events using flexible lots and items. Suppliers can bid at the lot level, item level, or both, giving you the flexibility to support complex enterprise sourcing strategies while driving more competitive outcomes.