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E-Procurement

iBusiness suite E- procurement is an effective e tender and procurement management tool. Managing procurement and tenders is a very time consuming exercise with a lot of paper work involved.

 

iBusiness suite E- procurement is an effective e tender and procurement management tool. Managing procurement and tenders is a very time consuming exercise with a lot of paper work involved. Manual systems have some merit but are prone to errors and cannot deal with growing volumes of tenders to be managed by both buyers and vendors. More over in a Financial bid ,confidentiality is the key criteria to avoid the malpractices in any organization. INI Technologies offers, the complete end to end E Procurement Software Solution, which helps a company to effectively manage complete life cycle of a Tender starting from purchase indent to Purchase order through all processes of Vendor Registration, RFP, Tender publishing, Online Bid acceptance and Tender evaluation.

Vendor Registration Process - vendor can register through web access. Admin has the authority to approve the vendor registration. Admin will publish tenders based on criteria and approval from respective department. Vendors can submit their bids through secure web access. Once the bidding time is over all the received bids can be opened. Th e concerned person then evaluates and short lists the bids. After negotiation the tender is awarded to selected vendors. The finalized tender'(s) information will be provided in (. csv) format. so that, the customer can import to current ERP .

  • Real-time collaboration within various divisions / individuals within an organization for the creation, management and analysis of the Contract Management and e Tendering process is possible
  • Role based access rights: Various user levels can be set accordingly to manage each stages of the tender.
  • Improved market readiness: Reduce order cycles and time to market by purchasing online and reducing the interruptions caused by the need to make constant calls for procurement
  • Streamlined processing: The solution allows you to have a simplified mechanics of the order process, and reduces infrastructure and transaction costs
  • Procure effectively: With increased predictability, the retailer will be able to procure cost-effectively as per requirement, in the most efficient manner via the internet with improved pricing, better sourcing and process improvement
  • Automatic tender evaluation and Shortlisting the vendors for particular tender
  • Increased cost-efficiency: Cost savings with faster and cheaper procurement through online means. Improved transparency to monitor cost, consolidate purchases, manage bulk orders, and measure profitability, enables the retailers to reduce errors and prevent revenue leakage
  • Enhanced audit control: By having a clearly defined procurement process and authorization hierarchy, quality is control
  • Supplier management: By keeping track of your purchasing history, to know what you are buying, from whom and at what price, enables you to get a better picture and manage supplier relations effectively and procure at more reasonable rates for consistent, high volume purchases