Vendor Solicitation Management
Organize and evaluate every vendor who contacts you – automatically. Traction gives you a central home and automated workflows to manage the flood of vendor messages you receive every day.
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Organize and evaluate every vendor who contacts you – automatically. Traction gives you a central home and automated workflows to manage the flood of vendor messages you receive every day.
Every day, you and your colleagues are flooded with messages from new technology vendors. You must spend a large chunk of your day filtering these messages, evaluating the vendors behind them, and deciding if any of them are worth passing to other stakeholders.
This all-too-common process of managing vendor solicitations is siloed, time-consuming, and inconsistent. Traction solves this problem. Our platform automates, centralizes, and standardizes every step of Vendor Solicitation Management (VSM).
Put all of your inbound solicitations into one place. Traction gives your company a single place to direct all vendor requests and applies the same standardized evaluation and qualification processes to each one.
Simplify and streamline your vendor solicitation management. Traction automates every step of VSM and helps you avoid taking meetings with vendors who don’t meet the requirements of your open innovation projects.
Rapidly select new technologies to plug into your roadmap. Traction makes it easy to identify the most promising vendors that reach out to you, and to share them with the stakeholders who need them most.
Key Capabilities
Traction offers a full suite of capabilities that guide you through every step of vendor evaluation— from the moment you receive an email from a new vendor to the moment you share a qualified candidate with a relevant stakeholder.
Capture every solicitation you receive in Traction’s single shared database. Traction will automatically create a profile for each vendor and organize them into their technology category.
Stop responding to unqualified vendors. Traction will help you evaluate and qualify each vendor based on your requirements and show your teams which are worth further consideration.
Share your top finds with the internal stakeholders who need them the most. Traction brings together every role and team that drives innovation and makes it easy to collaborate across functions.
Our Platform
Vendor Solicitation Management is just one feature in the Traction innovation management platform. Our platform centralizes, automates, and accelerates every stage of finding and implementing new technologies — from organizing ideas to signing contracts.
With Traction, you can combine inbound vendor solicitations with self-directed research and other sources of information to create unified workflow for every innovation project at your organization. With our platform, you will:
Get Out of Spreadsheets and Break Down Silos
Follow a Full Set of Proven, Standardized Processes
Create A Central Home for Every Innovation Project
Louis Kim
VP, HP Inc.
Chief Innovation Officer
Consumer Goods Company
Head of Emerging Technology
Startup Liaison Officer
SVP
Emerging Technologies, Fortune 50 company
CIO
Restaurant chain
Startup Liaison Officer
Defense Contractor
evaluation and deployment of new technologies
internal resources needed for innovation management
products considered for pilot or full implementation
than running multiple point solutions
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