Solutions

The Bottom Line...Increase Your ROI!
Improved quality coupled with reduced cost, time and effort results in an extraordinary return on investment. We want to provide your organization with an intelligent e-Procurement solution that eliminates the common yet costly errors associated with paper-based buying. Our solution connects you with your suppliers and is governed by your rules.

Maximize Your Purchasing Power
Seamless connection to your suppliers promotes dramatic reduction in traditional purchasing problems. It results in a rationalization of vendor base, and provides better supplier management.

Integrate/Accelerate Your Processes
Unify your corporation with one e-Procurement solution. Eliminate delays and simplify tasks. .

Improve Quality/Reduce Errors
Better order tracking results in higher quality and fewer billing discrepancies. Remove ambiguities and eliminate costly errors.

Reduce Inventory Levels
Faster replenishments of requirements and therefore lower inventory carrying costs

  • Service Offerings - RFX/RFI/RFP/RFB/RFQ
  • Configurable RFx , RFI converting to RFQ
  • Sealed Bid
  • Open Bid
  • Reverse Auction
  • Semi Auction
  • Contract Management
  • PO/ Invoice
  • Spot Buy

    As a typical scenario in industry, where a request for quote is sent to pre-qualified vendors and short listing takes place after the quotations are received. The term RFQ is used in a generic sense to imply Requests for Quotations (RFQ), Requests for Proposals (RFP) and Requests for Information (RFI).

    A SourcingIQ RFQ can bring the following levels of sophistication to the RFQ/RFP/RFI process:

  • Search Catalog
  • Create RFQ
  • Post RFQ to single or multiple sellers
  • Simple compare and select bids
  • Automated creation & submission of PO
  • One click generation of PI
  • Comprehensive Catalog
  • Manage RFQ, PO and PI
  • User-friendly system requiring only a brief tutorial Functional Rules User Registration
  • Supports multiple user registration for each supplier company
  • Password management Enabled
  • Https security protocol
Catalog
Hierarchical drill-down search Customizable Taxonomy, can add categories and sub-categories Catalog search by Key Word and UPC Simple line item selection Add/Delete line items to existing or new RFQ

Document Management :
Attach documents (PDF, WORD, CAD, CAM ) at line item level with controlled visibility defined by user permissions.

Supplier & Product Qualification:
This Module qualifies suppliers & catalog groups at Category, Subcatagory, Item Level with scorecard and helps in real time decision support at the time of purchase.

RFQ Posting
RFQ can be submitted to single or multiple respondents RFQ time validity is supported RFQ can be placed anonymously RFQ withdrawn automatically after expiration RFQ management through Work, Template and Archive Folders with interchangeability

Bid Selection
Bid Comparison Bid review and selection

Purchase Order/ Invoice /PI
Automated creation and submission of PO Automated creation and submission of PI PO/PI management through PO/PI and Archive Folders

Admin
User administration - centralized and decentralized Catalog management Permissions management User type support - buyer, supplier, admin Email configuration

Direct Purchase Order
Repeat orders based on existing contract Bids Direct release of PO without going through RFQ cycle

Messaging Support
Email Fax Wireless

Custom Reporting
~ Marketplace visibility ~ Buyer specific reports ~ Supplier specific reports

Additional Custom Features
Client Look and Feel Community Company relevant content: discussion group, news, message board Customizable workspace: news, stocks, weather

"The Internet is allowing us to make quantum changes, real breakthroughs. You can't think incrementally, you have to think transformationally. We're still seeing just the tip of the iceberg."
Jack Welch, Chairman, GE, December 2000

Service Offerings -Collaborative Demand Aggregation

The SuppleirIQ engine allows products to be put in pools which buyer business divisions or branches can join. As more branches join, their bargaining power increases because of demand aggregation and the prices fall owing to discounts. Multiple users can collaborate and work on same RFQ/document on line in real time. Allows real-time online Event where both buyer and sellers can participate Reduces buying spend by leveraging on aggregated demand Provides immediate savings, thus increasing ROI

Technology - Salient Features
Multi-tier architecture Database is JDBC & ODBC compliant, meets the industry standards Platform independent, can work with Unix, NT, Linux and combinations UI is in JSP Open architecture, additional modules can be added SSL Security XML Compliant Java J2ee Compliant application