SRIP combines data insights, relationship-building tools, and a proprietary score to help companies make the best purchasing decisions while optimizing and growing their supplier network. Stimulus helps companies to choose the right suppliers and fulfill business objectives by utilizing location-based and diversity criteria to easily compare suppliers. By using relevant metrics and multiple data points, companies can quickly match suppliers to available contract opportunities....
We leverage data from internal and external sources to increase visibility, enhance decision-making, and to promote communication of supplier utilization. This allows teams to avoid risks and lower costs by identifying opportunities and disruptions across the supply chain in real time.
Discover qualified suppliers within the Stimulus ecosystem. Consolidate data from various sources using the Stimulus API, providing a single source of truth.
Compare and measure suppliers using up to 90 data points and our proprietary Stimulus Score.
Create projects with customizable goals and criteria to evaluate vendors' performance every step of the way.
Internal and external alerts can notify the team on project changes, company updates, latest news, and more.
Review spend patterns by industry, category, and location. Identify opportunities to diversify suppliers and mitigate risk with accurate reporting.
Manage supplier relationships across the enterprise by tracking their spend, projects, and status over time - from considered to qualified, shortlisted, or awarded. Learn who was chosen, and why.
Spend time partnering with vendors, not searching for them.
Track vendor progress every step of the way and close the feedback loop for future projects.
Optimize outcomes with cross-functional transparency and reporting.
Comprehensive profiles with up to 90 data points including diversity status provides critical, just-in-time information.
Reduce risk and gain resilience through optimized discovery and diversification.