SciQuest has launched Sourcing Manager, the latest in the company’s suite of on-demand supplier relationship management (SRM) modules.

Using technology from Ion Wave Technologies, SciQuest says this latest module allows procurement professionals to create, issue, monitor, and award informal quotes and formal bid requests.

“Sourcing Manager is a key component of our overall SRM strategy and we are pleased to partner with Ion Wave Technologies to bring it to market,” said Jamie Duke, chief operating officer at SciQuest. “Our customers rely on our solutions to help manage spend across their organizations. With Sourcing Manager, they are able to work more efficiently to capture and manage a significantly larger portion of that spend, and use new bidding techniques to drive significant savings to the organization.”