K2 Sourcing Platform vs Unimarket Sourcing
K2 Sourcing Platform
k2sourcing.comUnimarket Sourcing
unimarket.comSide by side
| Figure | K2 Sourcing Platform | Unimarket Sourcing |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| Plans published | 2 | 1 |
| Spec score · Sourcing Software | 8.5 (#2) | 6.7 (#17) |
| Reverse auctions | The platform lets suppliers bid against one another in real time and supports auction prequalification. | Reverse auctions can notify vendors when they have been outbid without revealing sensitive details. |
| Security | K2 Sourcing states that the application is encrypted, password protected and hosted on a SOC 2 compliant server. | Unimarket states that its application complies with PCI and SOC 2 Type 2 security standards and that data is encrypted at rest and in transit. |
| Support | GoodFirms lists email, phone and 24x7 support plus help guides, videos, blogs and case studies. | Unimarket says its support team can help suppliers with questions so they can submit bids. |
| What it does | K2 Sourcing combines a cloud eSourcing application with managed RFP, RFQ, reverse-auction and strategic-sourcing services. | Unimarket Sourcing helps organizations create RFPs, RFIs, and RFQs, evaluate bids, and award contracts. |
Plans
K2 Sourcing Platform
- Customized subscription planPriced on request
- Custom subscriptionPriced on request
In their own words
K2 Sourcing Platform
K2 Sourcing Platform is a web-based eSourcing application for procurement and strategic sourcing teams. It supports RFPs, RFQs, RFIs, reverse auctions and supplier onboarding. For RFPs, teams can create questionnaires and pricing models, assess supplier responses, evaluate submissions and consider award scenarios. Reverse auctions let suppliers bid against one another in real time. Supplier information tools cover RFIs, documentation, registration and approved supplier lists; the platform also supports supplier discovery, bid comparison and negotiation workflows. K2 says the application includes more than 100 RFP templates that users can clone and customize, and describes it as mobile friendly. K2 states that the platform is encrypted, hosted on a SOC 2 compliant server and has uptime over 99.9%. Account and project managers with sourcing experience provide customer support. Invited suppliers can join sourcing events without installing software or signing a software agreement. Plans are customized to customer needs, with pricing available by contacting K2. Prospective customers can discuss a 90-day free trial.
Unimarket Sourcing
Unimarket Sourcing has no write-up on Specifiction yet; its figures are above.