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K2 Sourcing Webinars: Best Practices in Strategic Sourcing

Welcome to our page showcasing our webinars. At K2 Sourcing, we are committed to providing procurement, strategic sourcing, and category managers with valuable insights and actionable advice to help them improve the strategic sourcing process and enhance category management strategies. Our webinars typically showcase applying our strategic sourcing software to specific situations and RFPs.

On this page, you'll find a list of webinars we've hosted in the past. Whether you missed a previous webinar or simply want to revisit the content, this page is a good resource to access best practices in strategic sourcing and procurement.

We hope you find these resources valuable, and we encourage you to sign up for our mailing list or follow us on LinkedIn or Twitter to stay informed about our upcoming webinars and breaking procurement news.

Sourcing for Total Value Goes Beyond Total Cost

How do you balance an organization’s need to improve profit and cash flow? In this presentation, K2 Sourcing shows you a unique automated financial model to combine variables that impact the balance…

How Digitizing Sourcing Yields 5% Additional Savings

Say you have forecasted $10,000 per month for a particular event's savings. If the RF(x) takes 6 weeks to execute rather than 3 months, you capture $15,000 more in savings.Simple - right? There is a lot…

K2 Sourcing 5 Ways to Increase the Efficiency and Effectiveness of Your RFP Process

K2 Sourcing is offering a demonstration to address the concerns of busy procurement and logistics professionals who want to increase competition in their RFPs, spend more quality time on negotiations,…

Comparing Suppliers and Best Total Value When Inventory Matters

In this demonstration of our RFP management application, K2 Sourcing presents a model of how to balance an organization's need to improve profitability and cash. We include comparing suppliers best value…

Optimization Analytics in K2 Sourcing’s RFP Management  Application

Explains how to use Cloud Source, K2 Sourcing’s strategic sourcing application, to create highly automated RFP reporting and optimized award decisions. By applying formulas to RFP templates in Cloud…

Modernized Definition of a Reverse Auction

In this 3-minute unlocked video, K2 Sourcing explains how the reverse auction process works and shares how it is less different from traditional negotiations than people think. Let’s dispel a couple…

Reverse Auction Preconceptions and Misconceptions

Inflation has caused problems for procurement. As a result, reverse auction use is on the rise. Best practice benchmarks state auctions should be used in 1 out of 10 RFPs. Further, reverse auctions will…

Reverse Auctions 101: An Introductory Demonstration

Reverse auctions may be one of the most powerful negotiation methods used by strategic sourcing professionals. The focus on cost reduction is always a predominant role for procurement. Reverse auctions…

Reverse Auctions 201: Running Better Reverse Auctions with K2 Sourcing

This webinar demonstrates functions unique to the K2 Sourcing Cloud Source Reverse Auction Application that help Sourcing Professionals run great auctions while at the same time mitigating the risk of…

Reverse Auctions 301: K2 Sourcing Cloud Source Settings

The settings chosen for a reverse auction have a tremendous impact on the outcome and strongly influence if the results will be optimized.  This K2 Sourcing demonstration will discuss and show from both…

Reverse Auctions 401: Uncommon Reverse Auctions that Succeeded

Fast, entertaining, and educational, this 15-minute webinar helps strategic sourcing managers increase negotiated savings by highlighting uncommon reverse auction scenarios that were extremely successful.…

How to Run a Truck Load Reverse Auction

This best practice 15 minute webinar shows how to optimize full truck load networks using reverse auctions, a negotiation method that can result in 8%-15% savings and improve carrier performance and capacity.…

How to Run a Corrugated Reverse Auction

In this 15 minute best practice webinar, we will demonstrate how to capture more savings in your corrugated category by running a reverse auction. We will discuss how to prequalify suppliers, pricing models,…

K2 Sourcing Contingent Labor Open Demonstration

In this best practice webinar, K2 Sourcing conducts a demonstration of their RFP management software. We focus specifically on the global contingent labor total cost model and a side-by-side MSP comparison…

Controlling MRO to Create Savings Part 1

Companies that do well managing MRO experience; less downtime, lower indirect labor, 15% to 30% lower purchase costs, use less space, utilize less cash, and experience far fewer headaches. K2 Sourcing…

Controlling MRO to Generate Savings Part 2

In this best practice demonstration of the K2 Sourcing  RFP strategic sourcing application, We are going to show you the exact template K2 Sourcing advisors use when running MRO and supplies sourcing…

Negotiation Styles as Related to eRFx and Reverse Auctions

Improve the way you negotiate with suppliers using this matrix. This webinar reviews the 4 common negotiation styles buyers and sellers utilize, which style you should use depending on the power and the…

How to Better Connect with Stakeholders

Asking questions is the key to understanding your stakeholder’s requirements. Asking smart questions makes you a trusted advisor. K2 Sourcing Advisors have gained the trust of hundreds of procurement…

Risk Factoring RFPs with Automated Analytics

K2 Sourcing Cloud Source Demonstration. Shows how to quickly optimize re-shoring and best cost country decisions using automated risk–factored RFP analytics in K2 Sourcing’s Cloud Source application.…

Proactively Mitigating Supply Disruption with Cloud Source

This 15-minute deminar, will discuss technology enabled strategic sourcing that will empower you to quickly understand exposure to supply disruption so you can implement the right plans before it becomes…

Friends Function in K2 Sourcing

We all enjoyed the TV show, but in K2 Sourcing it is how we set permissions to work and collaborate with teammates. Includes inviting nonlicensed users and ongoing user management to aid in maintaining…

Legal Counsel Best Practices RFP

The best practice discussion and demonstration explains how to run a legal professional services RFP. Includes guest speaker Nancey Watson who has worked with law firms and legal departments for over 12…

Best Practices Webinar: Building RFPs for fast, smart, multi-source awards 

There are multiple ways to set up pricing sheets, negotiate, and award business to more than one supplier. Using RFP templates within K2 Sourcing’s RFP management application, we demonstrate set up,…

How to Quickly Compare Multiple Suppliers Proposing Different Cost Models

A K2 Sourcing Cloud Source Advanced customer asked, “How can the RFP application make it easier to compare supplier responses that don’t align perfectly?” In this demonstration, we show how to quickly…

eQuote or Reverse Auction Open Demo 

This 15-minute webinar helps you decide if you should use an RFQ or a reverse auction. You will see a live demonstration of the RFQ and reverse auction application from both the buyer’s perspective and…

Tempur Sealy and K2 Sourcing Present: Running an Ocean Freight Reverse Auction

In this best practice webinar, Tempur Sealy discusses their process to select ocean freight forwarders which includes the use of a reverse auction. During this presentation, Tempur Sealy Logistics Leaders…

Demonstration of K2 Sourcing’s Supplier Information Management Application

K2 Sourcing’s supplier information management module is designed to increase your team's knowledge of suppliers, improve visibility, increase competition, mitigate risk, and manage approval lists. See…

Making the Business Case for Strategic Sourcing Applications

This video is for anyone that would like to justify the use of strategic sourcing applications. It explains why strategic sourcing professionals using the K2 Sourcing RFP management platform generate 5%…

K2 Sourcing Testimonials Video

Why choose K2 Sourcing as your RFP management software, reverse auction, and strategic sourcing services provider? This unlocked video showcases interviews with several K2 sourcing clients that explain…

Recording of Webinar: Do You Want Stakeholders or Alliances?

Asking questions is the key to understanding your stakeholder’s requirements. Asking smart questions makes you a trusted advisor. Using a finely tuned approach founds a long-term alliance. K2 Sourcing…

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