# Sourcing software: Create RFXs, find suppliers, and award contracts faster Our sourcing software helps you easily create RFPs, RFIs, and RFQs with ready-to-use templates, include pricing requirements and supporting documents, and seamlessly collaborate with stakeholders to identify the best suppliers and make smarter, faster sourcing decisions. [Watch a demo](/content/solutions/sourcing/demo-webinar/index.html) [Watch overview video](/content/solutions/source/sourcing/#video/index.html) ## Discover how Unimarket simplifies sourcing Hear how our intuitive sourcing solution streamlines every step of the process—from RFX creation to bid evaluation—helping you find the right suppliers quickly and confidently. [Watch a demo](/content/solutions/sourcing/demo-webinar/ "Unimarket Demo"/index.html) ## A powerful and cost-effective sourcing solution. ### Seamless collaboration Bring your team together with ease. Assign stakeholders, subject matter experts, and collaborators to review specific sections, ensuring a smooth, efficient process. Maximize buying power by partnering with other organizations through cross-community sourcing events. ### Simplify bid evaluation Make bid evaluation simple and structured. Create clear, organized bid requests with defined sections and questions, ensuring suppliers respond directly to your needs. No more digging through endless supplier documents or chasing follow-up emails—everything you need is in one place. ### Easier for suppliers Simplify the bidding process for suppliers with an intuitive, no-cost online platform. Our support team is available to assist with questions, so suppliers can submit bids easily, and you can focus on running your sourcing event. ### Available anytime, anywhere Work on sourcing events wherever you are. With our cloud-based solution, your team can collaborate seamlessly—at the office, on the road, or from home—ensuring progress never stops. ## The features to make sourcing simple and effective. ### Streamline every step of the sourcing process, enhance team collaboration, and confidently achieve the best sourcing outcomes. **Bid request builder** **Easily create clear, structured bid requests tailored to your needs—saving time and ensuring better responses.** - **Choose the right format:** Quickly build RFPs, RFIs, or RFQs with minimal effort. - **Simplify with templates:** Use standardized, reusable question templates or customize your own. - **Set scoring criteria:** Apply clear, customizable scoring to evaluate bids efficiently. - **Attach key documents:** Include supporting materials to give bidders all the information they need. - **Save for future use:** Save your questions as templates to streamline future sourcing events. ### Manage and evaluate bids #### Simplify the bid management process, making it easier to collaborate and evaluate submissions efficiently. - **Collaborate seamlessly:** Review and evaluate submissions together through a centralized online platform. - **Keep everything in one place:** Capture and organize all relevant bid information for easy access and decision-making. - **Assign with precision:** Ensure the right stakeholders and subject matter experts review each section. - **Engage suppliers effortlessly:** Foster clear communication and participation directly within the platform. - **Evaluate with ease:** Streamline bid scoring with an intuitive, easy-to-use scoreboard for efficient comparisons. #### Bid score calculator Simplify bid evaluation with customizable scoring and weighting tools, making it easy to compare responses and identify the best fit for your needs. #### In-platform messaging Centralize all bid-related communication in one place. Post announcements, respond to supplier questions, and maintain an auditable record for complete transparency and accountability. #### Reverse auction Encourage competitive pricing with reverse auctions. Notify vendors when they’ve been outbid—without revealing sensitive details—so they can submit their best possible offers. ## A sourcing solution your team and suppliers will love ### Sourcing team **Simplify sourcing and choose with confidence** Take the stress out of sourcing events, ensure every detail is covered, and confidently select the best vendors for your needs. ### Suppliers **Effortless bid submissions** Submit bids easily and collaborate seamlessly with buyers through an intuitive, no-cost online platform. ### Procurement team **Save time and stay organized** Streamline the sourcing process and quickly access all bid-related information in one place, whenever you need it. ### Finance leaders **Secure the best deals every time** Be confident you’re getting the most competitive pricing and the best value from the right suppliers. ### Business leaders **Efficiency meets compliance** Ensure bid requests are managed efficiently, with complete assurances that compliance requirements are consistently met. ### Bid notification templates **Keep suppliers informed and sourcing events on track.** - Save time and stay consistent with ready-to-use bid notification templates. - Build, save, and reuse customized email templates to quickly notify suppliers of new bid requests and updates. - Ensure clear communication by standardizing messages, reducing confusion, and keeping suppliers engaged throughout the sourcing process. ### Marketplace integration **Seamlessly connect sourcing and procurement for better visibility and efficiency.** - Ensure full visibility across the entire sourcing process with integrated checkout for successful RFQ bids. - Simplify procurement workflows by adding awarded bids directly to your shopping cart to generate a requisition and complete the process. - Streamline supplier onboarding by seamlessly transitioning awarded vendors into the Marketplace for future purchasing. - Reduce manual effort with an automated process that connects sourcing outcomes to procurement, saving time and minimizing errors. ## How Unimarket Sourcing works ### 1. Create your RFX Easily build and standardize bid requests using our intuitive RFX builder. Customize templates, add scoring criteria, and attach supporting documents to streamline the process. ### 2. Invite suppliers Invite vendors to participate by selecting suppliers from your marketplace, adding new ones, or sharing a public link to open the opportunity to a broader audience. ### 3. Review and award Efficiently review submissions and select the best supplier. For RFQs, seamlessly add the awarded bid to your shopping cart to generate a requisition and complete the process. ## Get a demo Discover how Unimarket Sourcing can streamline your bid request process, save time, and help you find the right suppliers faster. Watch an on-demand demo or schedule a personalized demo with our experts today. [Watch on-demand demo](/content/solutions/sourcing/demo-webinar/index.html) [Book personalized demo](/content/company/book-a-demo/index.html) ### Download the brochure Learn more about the benefits of Unimarket Sourcing and how it works. Download the PDF brochure now. [Download Brochure](https://content.unimarket.com/hubfs/Unimarket%20Files/Content/Solution%20Explainers/Unimarket_Sourcing-Solution-Explainer.pdf "Download Unimarket Sourcing Brochure") ## FAQs - **How much does Unimarket Sourcing cost?** Unimarket Sourcing is a cost-effective bid request management solution. You might be surprised how affordable it is to optimize and streamline your sourcing processes. [**Get in touch with us**](/content/company/contact-us/ "Get in touch with us"/index.html) today for a quote. - **Does Unimarket Sourcing work as a standalone solution?** Yes, you can use Sourcing as a standalone bid request solution. However, it is most powerful when used together with Unimarket **[eProcurement](/content/solutions/source/sourcing/ "eProcurement"/index.html)** and **[Marketplace](/content/solutions/source/sourcing/index.html)**. [Book a demo](/content/company/book-a-demo/ "Book a demo"/index.html) today to see for yourself. - **Do suppliers have to pay to submit bids through Unimarket Sourcing?** No. It is free for suppliers to review and respond to bids. Once an organization has implemented Unimarket Sourcing, they can invite as many suppliers as they want to submit bids.