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What is Stimulus?

Stimulus harnesses data and analytics to help organizations enhance their purchasing decisions with a strong emphasis on diversity, equity, and inclusion. The current approach for searching, selecting, and evaluating suppliers is inefficient and complicated. There is a notable absence of a standardized framework for assessing suppliers or pinpointing alternative choices. Within the Stimulus ecosystem, companies can easily find qualified suppliers. By taking advantage of the Stimulus API, businesses can consolidate data from various sources, creating a cohesive source of truth. This also allows for effective management of supplier relationships by tracking spending, ongoing projects, and their respective statuses—ranging from consideration to qualification, shortlisting, or award. Moreover, the platform allows for the development of projects aimed at specific objectives and criteria, enabling organizations to thoroughly evaluate vendor performance throughout the entire process, which significantly improves decision-making and results. Ultimately, this innovative methodology not only streamlines procurement but also promotes a more inclusive and equitable supply chain, contributing to overall corporate responsibility and social impact.

What is Evaluator?

An evaluator plays a crucial role in guiding decision-making by methodically assessing multiple options against a common set of standards. For example, when selecting a vendor’s offering, considerations such as features, costs, and availability are evaluated. Each choice is assigned a numerical score based on these established criteria, which simplifies the comparison process among the alternatives. The importance of each criterion can be customized through weighting, which influences its contribution to the overall evaluation score. This tool also promotes collaborative assessments, enabling various stakeholders to input their scores, resulting in a unified scorecard that captures the group's collective viewpoint. The results of this assessment can be presented in various formats and compiled into a detailed report for further analysis. Users also have the flexibility to set a scorecard baseline at any point for the sake of auditing. Moreover, they can create scorecard templates from existing evaluation criteria, streamlining the process of developing new scorecards that utilize the same standards for evaluating different options. Additionally, assigning appropriate weights to each criterion based on their significance in the decision-making process is vital for achieving fair and balanced evaluations. Ultimately, this systematic approach enhances the clarity and effectiveness of the decision-making process, enabling users to make well-informed choices.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Stimulus

Date Founded

2017

Company Location

United States

Company Website

getstimulus.io

Company Facts

Organization Name

Midrig

Company Location

United Kingdom

Company Website

midrig.com/evaluator/

Categories and Features

Purchasing

Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Categories and Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

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