LightSource
LightSource is an AI-native procurement platform automating sourcing, RFQs, and supplier discovery to help enterprises unlock speed, agility, and savings.
LightSource’s platform uses AI agents to identify suppliers, automate RFQs, and analyze bids in real time—turning manual procurement processes into intelligent, streamlined sourcing operations.
What Makes This Tool Different
Born AI-native, LightSource doesn’t just digitize procurement—it redefines it. The platform eliminates email-heavy workflows, accelerates RFQs, and empowers buyers and suppliers with automation and real-time decision-making. With over $1 billion in spend processed since 2024 and 1,100+ sourcing events handled, it’s built to scale under volatility.
Use Cases & Applications
- AI-driven supplier identification and onboarding
- RFQ generation, distribution, and comparison
- Bid evaluation and scenario-based sourcing analysis
- Supplier collaboration with built-in communication tools
- Spend visibility and sourcing performance analytics
Key Features
- AI-powered sourcing assistant for buyers
- Smart bid comparison engine
- Supplier self-service portal with automated RFQ response templates
- Full audit trail and compliance support
- Real-time analytics for sourcing events and supplier response trends
Tech Highlights
- AI-native platform (not retrofitted)
- Scalable to enterprise procurement complexity
- Built-in supplier collaboration tools
- Secure cloud-based architecture
- Workflow automation for both sides of the sourcing equation
Who’s Using It?
Used by enterprise procurement teams across manufacturing, retail, and distribution who want to simplify and scale strategic sourcing without losing control or oversight.
Pros & Watchouts
Pros:
- Fast, intelligent sourcing workflows
- Improves supplier response times and competitiveness
- Significant time and cost savings for procurement teams
Watchouts:
- May require supplier onboarding for full functionality
- ROI depends on procurement volume and sourcing complexity
- Still building broader category integrations
Best For / Not Ideal For
Best For:
Enterprises ready to transform sourcing from manual and fragmented into intelligent, collaborative workflows
Not Ideal For:
Organizations with minimal sourcing events or highly localized supplier bases
Alternatives
- Keelvar
- Scout RFP (Workday Strategic Sourcing)
- Fairmarkit
- Zip (for intake + orchestration)
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