About SourcingHQ

SourcingHQ is an AI sourcing assistant for small and mid-sized buyers. Describe what you need, invite your suppliers, and they bid the price down in a time-boxed reverse auction.

Name
SourcingHQ (one word)
What it is
An AI sourcing assistant, reverse auction and RFQ tool for businesses
Who it's for
Small companies buying for themselves, and distributors, resellers and buying agents
Company
Sourcing HQ AI Pvt Ltd
Based in
Mumbai, India
Founded
2026
Customers
Available to customers worldwide.

SourcingHQ is not the same company as SourceHQ (sourcehq.com), or any other business with a similar name.

What it does

  • Describe a purchase in a chat, or forward an enquiry email, and you get a draft auction with the line items filled in. The AI doesn't invent line items or ceilings, and you review everything before it goes out.
  • Upload your supplier list (Excel or CSV, any layout) and it suggests more suppliers like them, grouped by product category, near you or a place you choose.
  • Invites go out in your company's name, and suppliers bid from an email link without creating an account.
  • Suppliers bid line by line, in an open or blind auction. A lead taken in the last 2 minutes resets the clock to 3 minutes.
  • When bidding closes you get a comparison report, with an AI summary you can accept, edit or discard. Award the whole auction to one supplier or split it line by line.
  • A free tool compares quotes you've already received, with no account needed.

Why we built it

Getting competitive quotes usually means chasing suppliers one email at a time, then copying their prices into a spreadsheet to compare them. The tools that fix this are mostly built for large procurement teams. SourcingHQ is for the teams in between: a buyer, a list of suppliers and a deadline.

What it doesn't do

  • The AI never sends, awards or contacts a supplier. You do.
  • Web searches never include your company's name or your suppliers' names.
  • No other customer can see your data.
  • Nothing joins your supplier list unless you add it.
  • This tool facilitates the auction only. All terms, delivery, and payment are settled directly between buyer and supplier.

Pricing

There's a free plan. Paid plans are a one-time payment for 12 months that never renews on its own, and suppliers never pay. See plans and prices.

Contact

Email contact@sourcinghq.ai about anything: the product, an auction, billing or your data. A person reads it. More on the contact page.

SourcingHQ elsewhere

About SourcingHQ: the AI sourcing assistant for small buyers