Find the best suppliers at the best price
Run structured sourcing events, collect competitive bids, and award — all in one unified ecosystem with full revision history.
Legacy Process
- RFQs sent via fragmented email chains
- Quotes collected in disconnected Excel files
- Manual comparison prone to data errors
- Lack of digital audit trails for negotiation
Optimized by Factwise
- Centralized platform for all vendor interactions
- Real-time side-by-side bid comparison
- Automated landed cost modeling for true TCO
- Complete version-controlled audit history
Sourcing Excellence
Transform your supply chain lifecycle with a structured, competitive process designed for precision and speed.
Multi-Round Bidding
Preserve the complete negotiation chain with structured counter-offers and live bid updates.
BOM Roll-up
Source entire bills of materials with complex sub-assemblies and automated cost aggregation.
Landed Costing
Model logistics, duties, and insurance to identify the true total cost of ownership.
N-Vendor Split
Optimize for risk and cost with algorithmic order allocation across your supplier base.
Sealed Bidding
Ensure transparency and fairness with secure proxy and blind bidding capabilities.
Smart Reminders
Automate supplier follow-ups with configurable intervals to ensure timely submissions.
The Sourcing Lifecycle
Configuration
Define items, quantities, and specific delivery timelines.
Invitation
Directly invite suppliers to the portal for real-time access.
Comparison
Evaluate bids using landed cost data and split logic.
Negotiation
Execute counteroffers with full historical context.
Awarding
Select winning vendors and auto-generate Purchase Orders.
Full Feature Overview
Stakeholder Perspectives
“FactWise provides the visibility we need to drive global savings without compromising on quality.”
“Automating the BOM roll-up has saved us hundreds of manual hours in comparison work.”