Partnerships

Frustrated with existing solutions, in 2003, Matt Miller founded K2 sourcing, Inc.  The mission was simply stated as, “To create the fastest, easiest, and most transparent method for buyers to screen and select suppliers, thus ensuring buyers get the best deals possible; reducing total cost, avoiding increases, and mitigating supply risk, while improving buyer morale and procurement’s standing in the organization.” 

We began by programming a system where sourcing events were easy and fast to set-up and manage and had great analytics.  We then made the eRFx and reverse auction platform incredibly easy to access and learn for suppliers.  We further structured K2 Sourcing in a manner that would create a culture of service unlike any other technology company in the market.  More about this can be found in the core values below.

We then sold subscriptions to the eRF(x) and reverse auction sourcing platform to well-known large and mid-sized businesses who were looking to exceed cost reduction targets, avoid cost increases, and mitigate supply risk.  

Over the years, K2 Sourcing has helped many procurement leaders: exceed savings targets, create more resilient supply chains, and improve team morale.  Due to client feedback, K2 Sourcing went on to receive awards for innovative solutions from the Supply and Demand Chain Executive and for outstanding service from Gartner, the leader in procurement technology research.  

That’s why if your goal is to secure the maximum value from suppliers, to generate cost savings, you are responsible to mitigate supply risk, and you desire a high-performing team, it makes sense to talk to K2 Sourcing. 