EdgeworthBox makes sourcing simpler, fairer, and faster.
Strategic sourcing involves buyers researching a market for a good or service, soliciting competitive bids with a Request for Proposals, and selecting a winning supplier.
EdgeworthBox does this with a multi-sided marketplace platform layering on three classes of additional functionality: an administrative clearinghouse; a social network of buyers and sellers, spanning different organizations and geographies; and a transparent database of historical activity, including pricing. This enables buyers to develop fair and unbiased solicitations quickly, in turn encouraging more vendors, with more solutions, to compete for business.
EdgeworthBox converts an adversarial process into a collaborative one. Buyers learn principally about markets from other buyers, leading them to behave in a manner that makes it much easier for vendors to come to the table, trusting the process to be fair and unbiased.
Location: United States, New York
Member count: 1-10
Founded date: 2017
Investors 1
| Date | Name | Website |
| - | Future Lab... | futurelabs... |