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Strategic Sourcing with Blume

Strategic Sourcing

Dedicated to the manufacturing industry, LiveSource solves sourcing challenges unlike any other enterprise sourcing suite on the market, because our solution is designed for build-to-order parts. With LiveSource, you have the unique ability to configure both simple and complex cost breakdowns that are structured by commodities.

From requisition and e-sourcing, to project purchasing, cost breakdown analysis, award traceability and much more – LiveSource is the platform where sourcing and procurement professionals combine technology with their sourcing expertise. Easily centralize and integrate each step in your unique global sourcing strategy. Take the chaos out of your product launch process. Know what’s coming.

Maintain Cost Performance Through Competitive Supplier Bidding

  • Define sourcing objectives and requirements
  • Drive sourcing strategy and enforce policies
  • Market analysis
  • Stakeholder business review and decision process
  • Manage purchase requisitions with approval workflows
  • Discrete Supplier Network
    • Ensure up-to-date information based on company’s criteria and status
    • Enforce sourcing policies based on current supplier status by commodity and region
  • Interdepartmental Collaboration
    • See engineering changes automatically reflected in the BOM
    • Get real-time visibility into supplier performance
    • Eliminate delays and bad sourcing decisions with supplier nomination approval workflow
  • Manage RFI, RFQ and Auctions
    • See configurable cost breakdown analysis by commodity
    • Get revision control with history tracking
    • Factor supplier management information and risk during bid analysis
    • Capture supplier innovation recommendations
    • Develop best practice negotiation strategy
    • Track price evolution based on engineering changes to the BOM
    • Track cost savings based on sourcing events by buyers, commodity, region, etc.
  • Global purchase office that enables RFQ in one region to be submitted by a different region to its suppliers
  • Oversee Contract Lifecycle Management

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Take the chaos out of your product launch process.