Use Case

Creating Supply Chain Purchasing Flexibility with a Buy-side Marketplace

Supply chains currently face disruption for multiple reasons. Businesses need to streamline the purchasing process and gain access to a broader range of suppliers and products.

Status Quo

With technology and digitalization at the forefront of modern business, E-procurement has become increasingly common as companies look to streamline purchasing processes and reduce costs.

Supply chain management is increasingly digitized, with technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain being used to track goods and optimize logistics.

COVID-19 has accelerated the adoption of e-procurement and digital supply chain management as companies look for ways to mitigate supply chain disruptions and minimize physical contact.

Sustainability is becoming an increasingly important consideration, with companies looking to reduce their carbon footprint and improve social and environmental performance.

Supply chain challenges in periods of resource scarcity and crisis

  • In times of crisis, the biggest challenge and pain point for supply chains is the actual sourcing of products and services
  • Global supply chains are facing the worst shortages in decades due to the pandemic, geopolitical crises, and other macroeconomic factors
  • The complexity of these events and the rising risks of raw material and component shortage have greatly impacted the supply chain, generating price fluctuations and disruptions on every level
  • Global geo-tensions have also prompted a move towards decoupling as companies seek to re-localize and shorten their supply chains

Benefits of a Buy-side Marketplace

A buy-side marketplace allows organizations to enable and simplify the sourcing and purchasing of goods or services from multiple suppliers with greater choice and transparency on availability, delivery times, and price as well as ecological impact.

A buy-side marketplace is a solution that connects buyers with suppliers, providing a centralized location for procurement and sourcing activities. The focus of this type of marketplace is on the needs of the buyer, to streamline the purchasing process and provide access to a broader range of suppliers and products.

It potentially removes the need for other E-procurement tools.

New suppliers can easily be added and maintained within the solution. Suppliers gain access to new customers and the marketplace provides a great opportunity for smaller suppliers to establish relationships with buying organizations.

It is a flexible solution that can extend in different ways. The marketplace can be expanded to other categories for other procurement needs. It can also be opened up to additional buyers across other business units and subsidiaries or even to serve other companies. This can further reduce costs or create new revenue streams.

Business Outcomes of Sourcing Platforms

Increased Efficiency through Convenience

  • Potential for all purchases to be at the same place
  • Improved customer experience with seamless purchasing processes and flexible roles, user rights & responsibilities
  • Quicker and simpler purchasing process across the company
  • Quicker delivery times and better prices through supplier competition
  • Improved reordering process

Greater Selection and Transparency

  • Easier onboarding of new suppliers leads to better supplier options
  • Increased transparency in product, service, and supplier availability leads to better supply stability
  • Reporting, analytics, and performance comparison of suppliers

New Revenue Streams through Expansion

  • Expand marketplace categories for other procurement needs
  • Extend the solution to a consortium of buyers across other business units and subsidiaries, and to serve other companies

Decreased Overall Costs

  • Improved and transparent negotiations, pricing, and purchasing terms
  • Higher volumes with purchase centralization (and externalization)
  • Competition between suppliers and effective price comparison
  • Facilitation of tenders

Spryker Capabilities

Spryker Cloud Commerce OS + Spryker Marketplace Suite = Your Buy-side Marketplace, tailored to your processes and needs

With Spryker’s Composable Commerce architectural approach, you can use and combine the best features for your  Buy-side Marketplace.

The Marketplace Suite includes all the features you need for a Buy-side Marketplace. It was developed as an integrated add-on solution to the Spryker Cloud Commerce OS.

Spryker Cloud Commerce OS

Spryker Marketplace Suite

Spryker Capabilities

  • Quotation and Offer Management
  • Punchout Integration

Composable Value Services

Calibration Session that includes
  • Purchase Journey Analysis
  • Process Digitization Mapping
  • Operation Model Sparring
  • Process Design Workshop
  • Business Model Operationalization
  • Supplier Management Workshop
  • Transformation Phase Analysis

Customer spotlight

Success speaks for itself. See how thriving businesses are using Spryker capabilities to customize, scale and win!

Intersport

Intersport is a global sports retailer offering digital and offline shopping experience in over 65 countries. They teamed up with Spryker to provide a seamless marketplace experience for their vendors and customers.

Spryker was selected by Intersport to build and improve its online systems in order to help INTERSPORT succeed in a digital-first world. According to Frank Trunzer, Head of IT – Application Management at INTERSPORT Germany, “With the “Virtual Order Fair” we are jointly launching a groundbreaking project. We are very excited about the outcome of the project.

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Sourcengine

Sourcengine is an e-commerce marketplace for professional buyers in the electronic components industry. Sourcengine enlisted Spryker to help turn its classic B2B business model into a user-friendly online platform while connecting buyers and merchants in one place.

Together Spryker and Sourcengine achieved three objectives of a procurement marketplace: the efficient handling of big data, fast implementation, and the freedom to build customized and scalable experiences. As a result, Sourcengine has positioned itself as a market leader by achieving industry-crushing benchmarks, disrupting the current status quo in the market.

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About Spryker

Spryker is the leading composable commerce platform for enterprises with sophisticated business models to enable growth, innovation, and differentiation. Designed specifically for sophisticated transactional business, Spryker’s easy-to-use, headless, API-first model offers a best-of-breed approach that provides businesses the flexibility to adapt, scale, and quickly go to market while facilitating faster time-to-value throughout their digital transformation journey. As a global platform leader for B2B and B2C Enterprise Marketplaces, Thing Commerce, and Unified Commerce, Spryker has empowered 150+ global enterprise customers worldwide and is trusted by brands such as ALDI, Siemens, Hilti, and Ricoh. Spryker was recognized by Gartner® as a Visionary in the 2023 Magic Quadrant™ for Digital Commerce and was also ranked as a Strong Performer in The Forrester Wave™: B2B Commerce Solutions, Q2 2022. Spryker is a privately held technology company headquartered in Berlin and New York. Find out more at spryker.com

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