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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


bid_graph1

 

 

> 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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Benefits

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

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TacticSource

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]
 
Solution Overview

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.

Read more... [Solution Overview]
 


 

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