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What is SourcingHQ?

Acquiring competitive quotes typically requires the laborious task of reaching out to suppliers one by one through email. SourcingHQ streamlines this by bringing the process together into a single, timed bidding event. You can either provide a simple description of the product or service you need or forward the inquiry from your customer, and the AI assistant will generate a well-structured request detailing the necessary items, quantities, and deadlines. You then choose the suppliers you commonly work with, enabling them to submit bids through an email link without needing to create accounts, while also allowing them to monitor their current standings and adjust their offers prior to the bidding's conclusion. This platform allows for in-depth pricing analysis, offering both PDF and Excel reports for straightforward comparison. SourcingHQ is specifically designed for small to mid-sized buyers, distributors, and resellers who often encounter urgent requests with fluctuating pricing. Their free plan permits three auction events, while paid subscriptions are available for teams that require monthly sourcing. Additionally, a free tool is offered to aid in comparing previously gathered quotes, ensuring users have a thorough method to assess their choices. This innovative system not only simplifies the quoting process but also improves the chances of obtaining the best deals possible, making it an invaluable resource for those in competitive markets. By adopting such a versatile platform, businesses can save time and enhance their sourcing efficiency.

What is MeRLIN Sourcing?

MeRLIN serves as a comprehensive Strategic Sourcing Solution that provides an automated and cohesive approach to sourcing processes, including RFx and eAuctions, while also enhancing supplier relationship management and planning through sophisticated analytics. This platform significantly improves collaboration between buyers and suppliers, offering an intuitive and user-friendly experience. With its modular design, MeRLIN is both adaptable and straightforward to implement, making it an ideal choice for enterprise sourcing organizations seeking to optimize their strategic sourcing efforts. Moreover, its flexibility ensures that it can be tailored to meet the unique needs of various organizations.

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Integrations Supported

Integrations Supported

D&B Direct
EcoVadis
Epicor Kinetic
Microsoft Dynamics 365
Oracle Fusion Cloud ERP
QAD Adaptive ERP
SAP ERP

API Availability

API Availability

Has API

Pricing Information

$950/year
A free plan covers three auction events in total. Paid plans start at $950 per year.
Free Version

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
Windows

Customer Service / Support

Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

SourcingHQ

Date Founded

2026

Company Location

India

Company Website

sourcinghq.ai

Company Facts

Organization Name

MeRLIN Sourcing B.V.

Date Founded

2019

Company Location

MeRLIN Sourcing B.V. Wim Duisenbergplantsoen 31, 6221 SE Maastricht, Netherlands.

Company Website

www.merlinsourcing.com

Categories and Features

Sourcing

Not specified

Categories and Features

Contract Management

Buy Side (Suppliers)
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Pre-built Templates
Workflow Management

eProcurement

Not specified

Procurement

Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Sourcing

Auction Management
Budget Management
Collaboration
Global Sourcing Management
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Supplier Web Portal
Template Management

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Supply Chain Management

Demand Planning
Order Fulfillment
Supplier Management

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