LightSource
LightSource is an online platform for strategic sourcing that helps procurement professionals and suppliers collaborate effectively, recently shipping version 2.9.1 of their software.
LightSource Services
LightSource is an online platform focused on strategic sourcing for both buyers and suppliers in the manufacturing sector. It provides procurement professionals with resources to collaborate effectively, send RFQs (requests for quotes), and make informed sourcing decisions. Suppliers can review RFQs, respond with quotes, and identify new sales and margin-improvement opportunities. The platform aims to facilitate communication and foster strategic relationships between buying and supplying teams.
LightSource Products
LightSource recently shipped version 2.9.1 of its software, which includes features tailored for modern B2B interactions. The platform's 'savings engine' helps manage BOMs, track cost targets, and identify new savings opportunities. It allows users to compare bids using both their work insights and publicly available resources. The tools provided enable sending RFQs in 5 minutes and collaborating on strategic sourcing projects, aiming to illuminate the global supply chain.
LightSource in the Manufacturing Sector
LightSource serves the manufacturing sector by providing a specialized B2B network that enhances strategic sourcing processes. Its platform is tailored to help both procurement professionals and suppliers in this industry collaborate and develop strategic relationships. By facilitating efficient RFQ processes and providing insights for cost management, LightSource supports the goals of transparency and fairness in the supply chain.
LightSource Mission and Goals
LightSource's mission is to 'illuminate the global supply chain,' aiming for greater transparency and fairness for all participants. The platform is designed to enhance, not automate, the collaborative capabilities of procurement professionals, focusing on forming strategic relationships. LightSource offers educational content on supply chain practices and theory, reinforcing its commitment to improving industry standards.