SciQuest, Inc. (NASDAQ: SQI) said that Quality Supply Chain Co-op, Inc. has expanded its use of SciQuest´s advanced sourcing optimizer.
A SciQuest customer since 2011, QSCC now uses SciQuest´s ASO to automate the e-sourcing process for more than 30 percent of the company´s spend. With its new commitment to SciQuest, QSCC expects to see that rise to more than 60 percent.
The solution was initially implemented to manage complex requests for proposals for food products.
SciQuest´s ASO enables QSCC to conduct sourcing events with an unlimited number of items and bid elements, allowing the company to aggregate spending across thousands of individual restaurants to generate more-competitive bidding and reduce costs.
SciQuest is the largest publicly held pure-play provider of cloud-based business automation solutions for spend management offering deep domain knowledge and a leading, customer-driven portfolio. Its website is at www.sciquest.com.