How about accessing complete e Souring solution from one place, you call it e-Tender, Request for Information (RFI), Request for Proposal(RFP), Request for Quotation(RFQ), Sealed bid, Two bid, Open or Global Bid Invitations or any alternates. We provide all this is in one place. Experience a highly effective, most accepted and trusted solution by 5000+ Buyers fraternity members.

Procuretiger’s eSourcing harnesses the power of leverages web-based system to publish, invite and evaluate bids from multiple suppliers helping buyers in selecting a most economical vendor.

Benefits of e-Sourcing:

Cost Savings: businesses from their comfort of their offices can collaborate and exchange information in the form of eRFx and Bids to generate savings in their supplies and efficient supplier selection.
Increased Visibility: This enhances the visibility of Spend and vital information to have more informed decisions.
Efficiency: Procuretiger’s eSourcing Suite reduces the time considerably for day-to-day procurement tasks, improving overall efficiency in the procurement process.

Sourcing Strategies

Identify Procurement Requirements
Soruce Suppliers
Identify sourcing strategy, PR-Rfx/PR-RFx-eAuction/Pr-RFx-eAuction/PR-PO etc
Publish Sourcing event and invite Bids from Suppliers
Open and evaluate Bids
Negotiate & Select Supplier (Award)

Benefits of Procuretiger’s eSourcing Suite

Reduced Time and costs by accessing a broader range of suppliers and leveraging different Procurement strategies.
Better Resource Utilization
Audit Compliant
Increased Spend Visibility and transparency into processes with built-in best practices, configurable workflows

eSourcing Tools

Procuretiger’s eSourcing Suite includes an online vendor portal for centralized sourcing, and uses AI for sourcing and assessing potential vendors.

Types of e Sourcing tools included in online sourcing software for procurement are:

1 eRFx
- RFp
- RFi
- RFq

2 eAuctions
- Forward Auction
- Reverse Auction
- - English
  - Rank
  - Dutch
  - Clock
- Yankee Auction

3 Direct sourcing vs. indirect sourcing

eRFX

eRFX refers to an online invitation to Bids with Goods/Services/Works specifications requesting Proposal/information/Quotation from potential vendors.

eSourcing software tools include templates for the procurement department to digitally prepare customized RFIs, RFQs, and RFPs, the ability to distribute these eRFX forms, and the capability for vendors to submit their completed RFIs, RFQs, and RFPs through the system, enabling visibility for all stakeholders. Some eSourcing tools include automated vendor scoring and evaluation. See Nanonets’ blog article for the differences in RFQ vs. RFP.

eAuctions

eAuctions are used as negotiation Tool for the potential vendors that have qualified in the initial round of RFx. The potential bidders out bid each other within the parameters of Increment/decrement Value in a dynamic bidding Auction Hall. At the end of the auction a low cost vendor is identified and awarded the contract.

eSourcing Work Flow

System Security

Security is the most critical factor to the success of the e-Procurement implementation and hence security feature implementation has been done considering various levels such as application, software, and hardware and network level

256-bit Secured Socket Layer (SSL)
Secured Password
Auto-Lock of Login Account
Role & Rights Based Access
Work Assignment/Workflow Based Access
Use of Firewall, Anti-Virus, IDS/IPS
Audit Trail Report

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