Sourcing & Tender Management

What it covers

• Supplier Prequalification

  Supplier prequalification can be daunting. Streamline your vendor selection and vetting process with our Prequalification module. Easily assess vendor capabilities, compliance, and suitability before initiating procurement activities. By thoroughly evaluating vendors upfront, you can ensure that only qualified suppliers participate in your sourcing initiatives, reducing risks and enhancing the overall efficiency of your procurement process.

• Tender Management

  Our Tenders module empowers you to efficiently manage the entire tendering process from creation to award. Create detailed tender documents, invite suppliers, and track responses seamlessly within our platform. With features such as automated notifications and bid comparison tools, you can make informed decisions and achieve the best value for your organization while fostering healthy competition among suppliers.

• Request for Quotations

  A quotation is a formal request that outlines the price and terms for goods or services, enabling businesses to compare offers from suppliers. With SRM, you can easily create and share quotations, negotiate then award based on the best price per item or the best overall offer, ensuring value and quality in your procurement process.

• RFx Management

  Though we have singled out Supplier Prequalification, Request for Tenders and Request for Quotations in our core products, you can tap into SRM eprocurement to request information or expression of interest from potential suppliers. In addition, use SRM to get your suppliers to submit or update their information whether it is tax information, banking information, expired licences or other KYC details. Our RFx module helps in creating and distributing RFx documents, collecting responses, and analyzing them so you can focus on strategic activities.

• Evaluation

  Bring your evaluation committee to independently evaluate build using a pre-set criteria. Move from bid submission to award through a controlled digital workflow that gives evaluation teams the information they need to make informed procurement decisions.

• Negotiation

  Turn supplier negotiations into a structured, transparent, and measurable procurement process. The Bidx Negotiation Module enables procurement teams to trigger automated negotiations, compare commercial positions, document outcomes and carry agreed terms through to contract and award.