Unimarket Sourcing

What Unimarket Sourcing is

Unimarket Sourcing is a web-based service for creating RFPs, RFIs, and RFQs, evaluating supplier bids, and awarding contracts. Its RFX builder supports templates, scoring criteria, and supporting documents. Teams can assign stakeholders and subject matter experts to review sections and collaborate on sourcing events. A customizable bid score calculator applies scoring and weighting to supplier responses. In-platform messaging handles announcements and supplier questions while keeping an auditable communication record. Reverse auctions can alert vendors when they have been outbid without revealing sensitive details. For RFQs, awarded bids can move into a shopping cart to generate a requisition, and vendors can transition into Unimarket Marketplace. Sourcing can run as a standalone bid-request solution, although Unimarket describes it as most powerful with eProcurement and Marketplace. Suppliers review and answer bids at no cost, and organizations can invite unlimited suppliers after implementation. The cloud service connects with nearly any ERP, finance, or accounting system through Workato. Pricing is available on request.