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’ makes it more efficient for companies to choose the right suppliers, fulfill business objectives including location-based and (DEI) criteria by easily comparing suppliers using relevant metrics and data points, and quickly matching them 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 business 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/criteria and evaluate vendors' performance every step of the way.
Receive a combination of internal and external alerts to notify the team on project changes, company updates, latest news etc.
Review spend patterns by industry, category, and location. Identify opportunities to diversify suppliers and mitigate risk with accurate reporting.
Manage supplier relationships by tracking their spend, projects, and status: considered, qualified, shortlisted, or awarded.
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 provide critical, just-in-time information.
Reduce risk and gain resilience through optimized discovery and diversification.