Introducing Supplier Discovery V2: Match Any Business Need to the Right Supplier
Today we're launching Supplier Discovery V2, a faster way for procurement teams to turn a simple business request into a ranked list of best-fit suppliers.
Today we're launching Supplier Discovery V2, a faster way for procurement teams to turn a simple business request into a ranked list of best-fit suppliers. Users describe what they need in plain English, and Teem recommends the most relevant suppliers from the company's existing catalog first, followed by market alternatives when needed.
Most procurement teams already have suppliers that can solve new business needs. The hard part is knowing which ones.
Supplier information is scattered across contracts, procurement systems, renewal calendars, stakeholder knowledge, and prior buying decisions. That makes it difficult to answer a basic question quickly: who is the best supplier for this need?
Supplier Discovery V2 is built to answer that question.
Start With a Simple Prompt
Users begin by describing what they need in plain language.
For example:
"Find a tool to help our sales team manage customer relationships. It needs to support 40 users, integrate with HubSpot, and stay under $50 per seat."
Teem then generates contextual follow-up questions based on the request. These are not generic intake questions. They are specific to the category, use case, constraints, integrations, implementation needs, and stakeholder priorities that will determine supplier fit.
This Analysis Report helps procurement capture the real business need upfront, without days of back-and-forth over Slack, email, or meetings.
See Existing Suppliers First
Before recommending new vendors, Teem checks the customer's existing supplier catalog.
For each relevant supplier, Teem shows why it may fit the need and provides relationship context, including contract price, renewal date, contract status, products already owned, and other key details.
That means a procurement user can quickly see whether the company already has a contracted supplier that meets the requirement, whether a renewal creates negotiation leverage, or whether an existing product is being underused.
This is often where the biggest savings opportunity starts. The best supplier decision is not always to run a new sourcing event. Sometimes it is to use what the company already owns.
Explore Market Alternatives
When the existing supplier base does not provide a strong fit, Teem also recommends market alternatives.
Each supplier is ranked against the business need and includes a clear one-line explanation for why it fits. Procurement teams can see where the current supplier base is sufficient, where the market offers better options, and where a new evaluation may be justified.
Compare a Shortlist at the Feature Level
Supplier Discovery V2 also supports deeper comparison once a shortlist is created.
Users can compare suppliers side by side at the feature level, understand areas of overlap and differentiation, and evaluate fit against the specific requirements captured earlier in the process.
Teams can also upload custom requirements and use them as the basis for comparison. This makes the evaluation more relevant to the actual business need, rather than relying on generic vendor descriptions or broad market categories.
Built for Better Supplier Decisions
Supplier Discovery V2 gives procurement teams a faster way to move from request to recommendation.
Instead of starting with a vague intake request, manual research, and disconnected contract lookups, users get a structured view of the business need, relevant existing suppliers, market alternatives, relationship context, and feature-level comparisons in one workflow.
The result is faster supplier discovery, better use of existing contracts, fewer redundant purchases, and more confident procurement decisions.
Learn more at www.teem.finance
