WILLOW GROVE, Pa.--(EON: Enhanced Online News)--WhyAbe.com, the strategic sourcing and supply chain industry’s only set of free eSourcing tools, celebrated its eighth birthday earlier this month. In its first eight years, the procurement software has assisted thousands of users across tens of thousands of sourcing initiatives.
“When we debuted WhyAbe.com all those years ago, no one gave it a chance. ‘You can’t sustain a quality product on a no-cost business model’ was the popular view”
Source One Management Services, LLC created WhyAbe.com in 2005 after scouring the market for an eSourcing tool that could help with its own internal efficiencies as a procurement service provider. eSourcing tools automatically manage sourcing inquiries and initiatives, making it easier for buyers to qualify and contract with suppliers. Source One’s search found a mass of overly complex solutions with unnecessary processes and high barriers of entry when it came to licenses, training, and support. Unable to find a suitable solution in the market, Source One looked at its own needs and the needs of its client base and then set about designing its own tool set. WhyAbe.com debuted shortly thereafter.
“When we debuted WhyAbe.com all those years ago, no one gave it a chance. ‘You can’t sustain a quality product on a no-cost business model’ was the popular view,” says site administrator and Vice President of Operations William Dorn. “Here we are eight years later. WhyAbe.com is still around, it is still free, and we continue to add value.”
When WhyAbe first came online, users could generate RFI and RFP queries and then distribute them to a list of included suppliers and vendors as well as new participants. As the service grew in popularity and industry trends changed, new features were added, including Reverse Auctions and Blind Auctions, which conceal the suppliers’ identities in accordance with government requirements. The ability to share initiatives across social media was also added.
“We are extremely pleased with WhyAbe.com and its growth. We have curated a list of dedicated end users, and we will continue to add new features and options at their request,” said Dorn.
WhyAbe.com has garnered accolades from across the industry, including a “Great Vendor” award from analyst giant Gartner.com. Additionally, the technology underlying WhyAbe.com has been used by several industry partners of Source One to create their own private-label solutions.
Source One Management Services, LLC is a leading procurement services consultancy, providing procurement transformation, spend management, strategic sourcing and cost reduction services since 1992. Source One helps organizations reduce the costs for the common and not-so-common products and services that they use daily to run their businesses. Source One’s services reduce the overall cost of acquisition through the application of proven sourcing and purchasing strategies, best practices, people, and technologies.
Learn more about Source One on the web at www.SourceOneInc.com.