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eRFQ Process

eRFQ_process

> Create clear scope & requirements

> Determine how to collect and evaluate price and non-price factors

> Create requirements document such as detailed specifications, drawings, service level agreements etc.


Benefits:

> Buyers can use the communication centre in the system to collaborate on the project requirements.

> All the related documents can be kept in one single online repository for easy reference.

> Buyers can leverage previous procurement projects database for easy and quick repeated purchases.

> Create RFQ document and publish online

> Invited suppliers receive email notifications about the RFQ

> Suppliers can log in the system anytime from any browser to view and download RFQ documents


Benefits:

> Save time and money - No need to print and mail hard copies of RFQ documents. Updates can be done online.

> Fair to suppliers - When RFQ is being posted online or being updated, all suppliers can access the same version at the same time.

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> Online discussion and Q&A to clarify requirements and all suppliers get updated at the same time

> Buyers and suppliers emails stored in communication centre for easy reference

> Suppliers submit information about their performance and quality


 

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> Suppliers submit bids online through reverse auction, sealed bid or online negotiation

> Transofrmaitonal bidding to accommodate price and non-price factors for different suppliers

> Ensure apple-to-apple comparison between suppliers

> Suppliers can see rank only, best bid only or combination of both


Benefits:

> Bidding process can happen in a short period of time, instead of weeks

> Suppliers bid in a fair environment

> Achieve 5-25% savings on procurement of products and services


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> Suppliers answer online survey and buyer gives scoring

> Evaluate cost & performance data of the suppliers

> Analysis different award scenarios

> Determine total best value decision

 

 

> Based on total best value decision, issue PO to the selected supplier(s)

 
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Virtual tour of TacticSource

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TacticSource Benefits

 

Tactica's e-sourcing solution is designed to help your procurement team collaborate and negotiate more efficiently and derive supplier agreements that deliver the lowest total cost of ownership and the best-value for your business.

You would enjoy the following benefits:

  • Achieve a 10%-25% reduction in goods and services costs on average

  • Provide high degree of transparency on the sourcing process to top management with complete audit trail capability

 
TacticSource

 

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TacticSource

 

Tactica's state-of-the-art e-Sourcing solution, enables sourcing organizations to accelerate and improve negotiated savings through online auctions and RFX (RFI, RFP, RFQ) events

It is extremely easy to use,100% web-based eSourcing solution that increases the efficiency of sourcing professionals so they can deliver savings in more sourcing projects. With TacticSource, your organization can make "total-best-value" sourcing decisions that deliver millions of dollars of savings to the bottomline.

 

Negotiation Methods

  • Request for Infomation (RFI)
  • Request for Quotation (RFQ)
  • Reverse Auction
  • Forward Auction
  • One-on-one Negotiation

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The bid graph shows the suppliers reduce their bidding prices in order to compete for your business. Want to see a quick tour of TacticSource?

Click here.


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We are offering both cloud-based and on customer premise software solutions.

 

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TacticBuy

 

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TacticBuy

 

Tactica's popular e-Procurement solution is an online collaboration and automation tools to streamline the complete procure-to-invoice process.

It is extremely easy to use,100% web-based eProcurement solution that increases the efficiency of buying professionals so they have more time for strategic activities. The intuitive user experience with simple user interface accelerate buyers and suppliers adoption. It also provides a complete view of goods and services spend.

 

Automate processes

  • Internal Requisition
  • External Purchase Requisition
  • Standard Purchase Order
  • Blanket Purchase Order
  • Receipt processing
  • Receipt correction
  • Catalog management
  • Approval
  • Requesr for Quote

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e-Procurement made easy
  1. Achieve cost savings by streamlining procure-to-invoice processes
  2. Drive policy and contract compliance
  3. Avoid errors and risks with closed-loop, best practice procure-to-invoice collaboration
  4. Improve supply base management with control of supplier and item information ensure best-practice continuous improvement in purchasing and supply management

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We are offering both cloud-based and on customer premise software solutions.

 

contact us

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dual solutions

 

 

 
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