LightSource has streamlined and simplified our sourcing and vendor management processes. Whether it's finding suppliers or managing our vendor contracts, LightSource has thoughtfully designed the platform for many industries, end users, and use cases. Setting it up was easy, thanks to the hands-on support from Pieter and Madeleine. It's become our team's go-to platform, and I'm impressed by the constant new updates and features. Highly recommend this product to all supply chain teams interested in speeding up sourcing.
The team and I are really liking LightSource so far. Getting started is extremely easy, and the platform's intuitive design means we're not wasting time figuring things out. Its AI capabilities are seriously helpful, especially for our supplier management and contract work. Big shoutout to Sourav for the excellent support. We're on it regularly interacting with our suppliers. Having the cost and quoting information in a single location helps with rapid product launches and better visibility for our leadership group. It's got its quirks, but the constant updates are promising.
LightSouce is a very intuitive and easy-to-use tool for RFP/RFQ that is revolutionizing procurement/sourcing organizations. We have deployed LightSource across multiple of our Portfolio Companies, and every organization raves about the tool and its features. It has improved the efficiencies and effectiveness of the Sourcing Managers (SMs) in each of the organization
The platform allows for the seamless addition of RFP items/SKUs and BOM details through a simple drop/drag feature. Easy to add suppliers and RFP details to launch an RFP within minutes. It has a state-of-the-art Supplier communication panel where SMs can answer questions from suppliers. The responses can be 1:1 with a supplier or broadcast to the whole supplier community. The platform also has a robust set of analysis tools to quickly compare the different supplier responses, calculate forecasted savings and identify best of the best pricing for the RFP
LightSource has a great support team (not to be confused with the Technical team working on the software platform) that can assist SMs in the RFP process. This support team can build the RFP for the SMs, communicate on behalf of the SMs/company with the supplier (if approved by the company) and help with RFP analysis. This saves tremendous time for the SMs and allows them focus on strategic/value added activities.
All the RFPs are centrally located, so no loss of data when a SM leaves the organization. The platform is ideal if you want to launch the same RFP frequently (e.g., Quarterly, Bi-Annually, Annually) for commodities that fluctuate a lot. Relaunching an existing RFP literally takes seconds and can be done with a click of a button
It’s a cloud-based tool, so easy to set up and integrate with other tools in the organization. We typically see a company deploy LightSource within a day or two.
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What is LightSource?
We help bring procurement professionals into the future with incredible supplier discovery, quoting, and relationship management tools.
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