Sourcing software is software to help companies identify, evaluate, engage, and manage suppliers and vendors—enabling strategic sourcing rather than just transactional purchasing. It supports key processes such as supplier discovery, qualification, bid/tender management (RFI/RFP/RFQ), supplier performance evaluation, and contract awarding. As the first stage of the supply chain or procurement journey, sourcing software helps organizations optimize costs, secure quality, manage risk, and build resilient supplier networks. According to industry sources, sourcing is distinct from procurement: sourcing focuses on the “who” (which suppliers) and the selection, while procurement covers the “what” (goods/services) and the purchase process. By automating and digitizing sourcing workflows, organizations gain visibility into supplier markets, spend categories, risk exposures, and opportunities for value creation. Compare and read user reviews of the best Free Sourcing software currently available using the table below. This list is updated regularly.
VendorPanel
Tradogram
Responsive
Prokuria
Tipalti
Diffbot
SourceRFX
Accio
ensun GmbH
Medius
Market Dojo
Expenzing
Requis
ELIT
Jiga
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