- Home
- Sourcing Software
- K2 Sourcing Platform
K2 Sourcing Platform
What it is
K2 Sourcing Platform is a web application for procurement and strategic sourcing teams. It supports RFPs, RFQs, RFIs, reverse auctions, and supplier onboarding. RFP workflows include questionnaires, pricing models, supplier response analysis, evaluation, and award scenarios. Reverse auctions let suppliers bid against one another in real time. Supplier information tools handle RFIs, documentation, registration, and approved supplier lists. K2 says the application includes more than 100 RFP templates that users can clone and customize. The platform is described as mobile friendly, fully encrypted, and hosted on a SOC 2 compliant server, with uptime over 99.9%. Account and project managers with sourcing experience provide support. Invited suppliers can join events without installing software or signing a software agreement. Subscriptions are customized and priced on request. K2 offers discussion of a 90-day free trial for its RFP application.
For and against
For
- Supports RFP, RFQ, RFI, and auctions
- More than 100 customizable RFP templates
- Real-time supplier bidding
- Mobile-friendly sourcing application
- 90-day trial available
Against
- Pricing is available only on request
- Subscription plans are customized
- Trial applies to the RFP application
The verdict
K2 Sourcing Platform combines sourcing events, supplier information, templates, and bidding workflows for procurement teams. Its customized pricing and trial discussion make direct contact necessary before choosing a plan.
Who it suits
It suits procurement and strategic sourcing professionals at small businesses or large corporations. Suppliers invited to events can participate without installing software.
Plans and prices
Custom subscription
Flexible plans customized to organization needs
Read 15 Oct 2026 · k2sourcing.com
Customized subscription plan
Plan customized to customer needs
Read 5 Oct 2026 · k2sourcing.com
On the record
- AI agents
- K2 Sourcing offers tailored procurement AI agents for intake, analysis, supplier research and workflow automation.k2sourcing.com · read 15 Oct 2026
- Availability
- The maker claims uptime above 99.9 percent.k2sourcing.com · read 15 Oct 2026
- Company facts
- LinkedIn lists K2 Sourcing, Inc. as privately held, founded in 2003, headquartered in Madison, Wisconsin, with 11–50 employees.linkedin.com · read 15 Oct 2026
- Deployment
- The company describes the product as cloud based with no software installation or implementation project for managed-service users.k2sourcing.com · read 15 Oct 2026
- Free trial
- The product pages invite organizations to discuss a 90-day free trial opportunity.k2sourcing.com · read 15 Oct 2026
- Independent customer focus
- Business-Software.com says K2 Sourcing Cloud targets midsize and large enterprises.business-software.com · read 15 Oct 2026
- Independent pricing listing
- Business-Software.com reports that pricing requires contacting the vendor and describes the product as SaaS requiring no additional hardware.business-software.com · read 15 Oct 2026
- Indirect spend
- Indirect-spend capabilities include contract management, intake, guided buying, requisition-to-PO and expense reporting.k2sourcing.com · read 15 Oct 2026
- Intended users
- K2 describes the application as a tool for procurement and strategic sourcing professionals, including teams at small businesses and large corporations.k2sourcing.com · read 5 Oct 2026
- Licence and hosting
- GoodFirms lists K2 Sourcing as proprietary, cloud hosted and web based.goodfirms.co · read 15 Oct 2026
- Limit: historical supplier friction
- K2's history page says suppliers previously complained about registration, legal documents, installation requirements and poor technical support in other tools.k2sourcing.com · read 15 Oct 2026
- Limit: review transparency
- Trustburn flags the business information as unverified and says the company did not reply to negative reviews.trustburn.com · read 15 Oct 2026
- Mobile access
- K2 describes the strategic sourcing application as mobile friendly.k2sourcing.com · read 5 Oct 2026
- Mobile support
- A 2015 product upgrade enabled participation and event administration through iOS and Android smartphones and tablets.digitalcommerce360.com · read 15 Oct 2026
- Notable news: FAA
- A March 8, 2010 PR Newswire release reported that the Federal Aviation Administration selected K2 Sourcing for a single-event reverse auction.prnewswire.com · read 15 Oct 2026
- Notable news: mobile upgrade
- A December 7, 2015 Digital Commerce 360 release announced K2's Lean Source mobile upgrade for iOS and Android participation and administration.digitalcommerce360.com · read 15 Oct 2026
- Praise: cost savings
- Trustburn reviewers repeatedly describe efficient procurement, cost savings and improved sourcing or supply-chain performance.trustburn.com · read 15 Oct 2026
- Praise: service
- Trustburn reviewers repeatedly call the team professional, knowledgeable, responsive and efficient.trustburn.com · read 15 Oct 2026
