Coming from financial markets, we were shocked at how difficult it was to get set up as a vendor of record, how hard it was to help our customers understand the market, and how long and bureaucratic the whole process took. We were astonished to find that the buyers had an even worse time putting together RFPs and RFQs, and getting relevant suppliers to engage and respond.
WHAT WE BELIEVE
Sourcing is not just the first mile of the supply chain. It's an important part of risk management. Every organization should have the right data, tools, and community.
What we do
We decided to build a platform similar to ones that we saw work in capital markets that trade millions of times a day. EdgeworthBox brings tools, data, and community so that buyers can research markets, write better RFPs, engage suppliers, and speed up the cycle for more efficient reverse auctions.