The Procuretechs Network includes Startups with a focus on procurement, which are located in Germany and throughout Europe. Together, we want to shape the future of procurement by leveraging our synergies and supporting each other in the further development.
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sourc-e GmbH
CEO: Lucas Scherer
Location: Köln
Founding year: 2016
Website: sourc-e.com
Start-up Phase: Launched
Area of business in procurement:
- Tendering
- Order Fulfilment
Problem:
A complex and repetitive tendering and fulfillment process of individual packaging and printing products (e.g. shipping cartons/ boxes, magazines, books, business cards, …). The process takes between 5-10 days.
Solution:
A system in which the product specifications are defined and a price is shown within seconds.
Offer:
sourc-e takes over the handling process of packaging and print products. In addition, individual procurement systems are built by taking all processes under consideration and establishing interfaces to ERP systems such as e.g. SAP and COUPA.
Business model:
sourc-e acts as supplier: Mark up on purchasing prices
sourc-e recommend supplier: Share of sales
USP:
An algorithm that enables a direct pricing for individual packaging and printing products. The algorithm takes over the calculation process of the suppliers and thus determines the best price within the network. More than 100 million calculations are conducted in parallel on more than 150 producers in 15 countries in Europe.
Target customers:
Anyone who has a need for print products such as shipping boxes, flyers, business cards, etc. Whether you want to print a lot or a little, are a big company or a start-up, it doesn’t matter.
Technology:
Own developed API-software, with already established interfaces to e.g. SAP, Coupa, …
Existing customers:
VORWERK, ABOUTYOU, Vaillant, BARMER, DUNLOP, and 250 more
