Sourcing Procurement

What Sourcing Procurement does

Sourcing Procurement is a Mumbai-based boutique procurement and supply chain consulting firm founded in 2021 by Tapan Shah as Founding Director. The firm delivers sourcing, procurement, and supply chain advisory services to enterprise clients across pharmaceuticals, veterinary, auto-ancillary, engineering, lubricants, and e-commerce sectors, alongside a Virtual CPO service for SMEs that lack a full-time procurement head. Documented client outcomes include a 7% price reduction through reverse auctions for a paper manufacturer, 10% annualized savings on raw materials for a nutraceutical enterprise, 4% annualized savings on a Rs. 52 crore raw and packaging spend base for a pharmaceutical enterprise, Rs. 50 lakh annualized savings for an industrial lubricant manufacturer, and 25+ process improvement initiatives for another client within six months.

The firm's core technology is a proprietary web-based eProcurement Suite used for logistics category management, competitive bidding, and transparent business allocation. Service modules span spend analysis and segmentation, category management, supplier relationship management, risk management, supplier development and benchmarking, end-to-end RFX management, and 16-hour classroom training plus mentoring engagements. All services are delivered on-site, remotely, or virtually, with a free pilot project offered as a front-end conversion mechanism.

The business model is project-based and retainer professional services. The firm operates as a 1–10-person founder-led team with no disclosed institutional funding, parent company, or channel intermediaries, executing a direct consultative sales motion (phone and email outreach) primarily into Indian clients. In 2025 it was recognized as one of the Top 10 Sourcing and Procurement Consultants by Industry Outlook Magazine, providing top-of-funnel brand support for its direct sales approach.

Name

Sourcing Procurement

Legal name

Welcome to Sourcing Procurement Services

Website

https://sourcingprocurement.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Sourcing Procurement is a Mumbai-based boutique procurement and supply chain consultancy founded in 2021. It delivers category management, sourcing, eProcurement, and Virtual CPO services to enterprise and SME clients across multiple Indian industries using a proprietary web-based platform.

Ownership category

akta.pro rank

Product category

Procurement Consulting Services

NAICS

Software Publishers (5132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Help Supply Services (7363)

akta.pro primary industry

Procurement & Strategic Sourcing (BPAHAHAB)

akta.pro secondary industries

Sourcing Support & RFx Administration (RFI/RFP/RFQ) (BPAAAJAC), Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI), Procurement Systems Administration (ERP/P2P Tools Support) (BPAAAJAO)

Keywords

• Procurement consulting services
• Sourcing strategy advisory
• Supplier development services
• Category management consulting
• Eprocurement implementation

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Procurement Consulting Services: Professional consulting services delivered on-site, remotely, or virtually. Includes category management, cost savings initiatives, supply chain optimization, and virtual CPO leadership for SMEs. Revenue generated through project-based engagements and ongoing consultancy retainer arrangements.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Sourcing Procurement is a boutique procurement and supply chain consultancy that delivers on-site, remote, and virtual advisory services to enterprises and SMEs. The firm provides sourcing services (supplier identification, profiling, due diligence, price benchmarking, RFX management), procurement services (category management, operating model alignment, eProcurement deployment), virtual CPO leadership for SMEs, and capability-building through training and mentoring. It supplements these services with a proprietary web-based eProcurement Suite used for category management and transparent business allocation.

Product overview

Sourcing Procurement is a consulting firm offering a unified portfolio of procurement and supply chain advisory services rather than a software platform. The core offerings comprise Services in Sourcing (supplier identification, profiling, due diligence, benchmarking, RFX management, market research) and Services in Procurement (sourcing strategies, ecosystem strengthening, operating model alignment, Virtual CPO). These are complemented by specialized solution modules including Spend Analysis & Segmentation, Category Management, eProcurement (delivered via a proprietary web-based eProcurement Suite), Risk Management, and Supplier Relationship Management. The company also offers Training and Mentoring programs and provides complimentary Pilot Project Assessments to quantify improvement potential before engagement. Services span on-site, remote, and virtual delivery models.

Differentiator

Problem solved

Functional benefit

Products and services

• Services in Sourcing

Quantifiable outcome

• Up to 7% price reduction through Reverse Auctions
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Coupa Software: Coupa is a large Business Spend Management platform covering procurement, invoicing, and expense management, now part of Thoma Bravo. It is comparable as a broad incumbent whose procurement and sourcing modules overlap with the systems Sourcing Procurement advises clients on, and which increasingly bundles AI-driven category management features.
• Ivalua: Ivalua is a SOURCE-to-PAY platform providing spend analysis, sourcing, contract management, and supplier management for large enterprises. It is comparable as a broad incumbent whose technology directly substitutes for some of Sourcing Procurement's advisory services (spend analysis, RFX, category management), and increasingly competes via integrated AI features.
• Kearney (Procurement & Analytics practice): Kearney's procurement and supply chain practice (formerly part of A.T. Kearney) delivers strategic sourcing, category management, and operating-model advisory to large global enterprises. It is comparable as a broad-incumbent consultancy whose procurement advisory competes with Sourcing Procurement's services in any enterprise RFP that includes global strategy firms.
• SAP Ariba: SAP Ariba is the largest enterprise SOURCE-to-PAY platform, offering sourcing, procurement, and supplier management as part of SAP's broader business suite. It is comparable as the broad incumbent whose platform offerings (RFX, category management, supplier discovery) overlap with Sourcing Procurement's advisory scope, but it competes primarily via software licensing at enterprise scale.
• Jaggaer: Jaggaer is an established SOURCE-to-PAY platform serving mid-market and large enterprises with sourcing, procurement, and supplier management capabilities. It is comparable because it sells enterprise-grade procurement technology in the same category stack (sourcing, category management, supplier discovery) that Sourcing Procurement's eProcurement Suite addresses at boutique scale.

Direct peers

• Efficio: Efficio is a global procurement and supply chain consultancy that delivers category management, sourcing, and transformation engagements to large enterprises. It is the most direct comparison to Sourcing Procurement because both are procurement-specialist advisory firms selling methodology-led outcomes rather than software, although Efficio operates at much larger scale and primarily serves Fortune 500 buyers.
• GEP Worldwide: GEP combines procurement consulting with its own SOURCE-to-PAY platform (GEP SMART), giving it a hybrid advisory-plus-software model. It is directly comparable to Sourcing Procurement because it sells both category management services and a proprietary eProcurement suite — the same hybrid Sourcing Procurement is pursuing at boutique scale.
• Proxima: Proxima is a procurement-focused advisory firm that helps clients reduce non-payroll spend through sourcing, category management, and operating-model redesign. It is closely comparable to Sourcing Procurement in service mix and category-management methodology, but competes primarily at the UK/US enterprise tier rather than the Indian SME/mid-market.
• Zycus: Zycus is an India-headquartered provider of eProcurement, sourcing, and spend-analysis software (including the Merlin AI suite) for global enterprises. It is comparable because it sells the same procurement capability stack Sourcing Procurement advises on (RFX, category management, supplier management) and competes head-to-head in the Indian mid-market where Sourcing Procurement also sells.

Emerging players

• Procurify: Procurify is a cloud-based procurement and AP automation platform purpose-built for mid-market and SME organizations. It is comparable because it serves the same SME procurement-buyer segment that Sourcing Procurement addresses via Virtual CPO, and offers a self-serve software alternative to the firm's advisory-led engagement model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sourcingprocurement

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sourcing Procurement