A Network Built to Support Public Sector Goals

In public procurement, the right suppliers make all the difference. SOVRA’s Supplier Network connects government agencies with over 1 million suppliers across North America, giving you unparalleled access to the vendors and resources needed to meet your community’s needs effectively. With SOVRA, procurement teams benefit from a truly expansive network designed to drive competition, innovation, and value for every dollar spent.

Through SOVRA’s 360 Procurement Program, we are constantly growing and training our supplier network to keep up with the demands of the public sector. Unlike other platforms, we don’t just connect buyers and suppliers; we actively expand our supplier community, providing training and resources to help them engage better with public procurement requirements. As a SOVRA client, you can count on us to support your success by onboarding your existing suppliers for free and continuously enhancing the network available to you.

The Value of the SOVRA Supplier Network

1. Increased Supplier Participation and Competition
   On average, SOVRA clients experience a 75% increase in vendor participation. This competitive environment benefits public agencies by creating an atmosphere where suppliers actively bid for your business. The result? Better pricing, as suppliers offer their most competitive bids to stand out.
2. Cost Savings Through Greater Efficiency
   With more suppliers vying for opportunities, SOVRA clients on average experience a 30% reduction in spend. By leveraging SOVRA’s extensive network, procurement teams can secure more favorable terms, reduce procurement costs, and reinvest savings into other vital community projects.
3. Risk Mitigation with Diverse Supplier Options
   SOVRA’s vast network allows agencies to source from a variety of suppliers, reducing dependence on any single vendor. This diversity helps mitigate risks related to supply chain disruptions, ensuring that procurement teams can maintain continuity even when challenges arise.
4. Access to Innovation and New Technologies
   A large, diverse supplier network doesn’t just bring more options; it brings fresh ideas. SOVRA suppliers are constantly innovating, and by expanding your vendor pool, you gain access to suppliers who can offer new technologies and creative solutions that bring additional value to your projects.
5. Improved Quality and Standards
   With SOVRA’s vast network, you’re not limited to a small pool of vendors. You have the power to set higher standards, knowing you’ll find suppliers who can meet them. This flexibility allows procurement teams to select suppliers that deliver on quality, leading to better outcomes and more successful projects for the communities you serve.
   
   

The ROI of Partnering with SOVRA’s Supplier Network

By joining SOVRA, public procurement teams gain immediate access to a vast supplier base without any additional onboarding costs. We onboard your existing suppliers at no cost, making it easy to transition and take advantage of our network’s benefits from day one. Here’s what you can expect:

• Better Pricing through increased competition among suppliers.
• Significant Cost Savings with reduced spend and efficient sourcing processes.
• Improved Risk Management by diversifying your supplier base.
• Enhanced Quality Standards with access to top-performing suppliers.
• Ongoing Supplier Training and Development through SOVRA’s 360 Procurement Program.

SOVRA is not just another procurement platform; it’s a strategic partner in maximizing the impact of your procurement efforts. Our focus on supporting the public sector, combined with our commitment to continuously expanding and training our supplier network, ensures you always have access to the best suppliers for your needs.