Define Scope and Requirement Create and Post RFQ Suppliers Collaboration Price Collection and Negotiation Ratings Award Optimization
> 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.
> 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
> 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
> 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)
Got 2 minutes? Take a virtual tour to see our powerful TacticSource by clicking below:
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You would enjoy the following benefits:
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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( i.e. RFI, RFP, RFQ) events.
Learn more [TacticSource]
As a leading provider of e-Sourcing solution, Tactica offers TacticSource , a cost-effective software tool to help you reduce procurement costs and streamline your sourcing process. We combine the latest on-demand technology, expert customer support service and our network of quality suppliers to help your company rapidly improve its purchasing power and realize hard-dollar savings, in terms of 10-25% savings on average.
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