Facilitative RFQ

TRANSPARENT RFQ & AWARDING

Generate RFQ directly or based on open PR’s and float them to both the registered and unregistered panel of vendors in a few clicks. Instant notifications to the vendors through the platform gives them ample time to prepare the quotes and respond promptly. Set automated alerts in the application to remind the vendors of the submission deadlines.

Submit your quotes online

Management has the liberty to configure the way an RFQ is floated, either keep it confidential and float it among a closed set of vendors or make it transparent and float its respective vendors

Vendors are given access to the platform to submit their quotes and upload any supporting documents

Buyers can upload multiple artifacts on the portal pertaining to a PO such as design documents, certificates, and instructions for the vendors to download

Version control enabled on all documents to recall for specific versions in the future

Reverse bidding

Create multiple RFQ’s for reverse bidding and notify the list of vendors

View all the quotes submitted by vendors such as an initial quote, negotiated quote, and final quote

Choose a project & assign a team

Managers can create RFQ’s and assign a set of users as responsible stakeholders of a particular project

Reduced individual dependency as multiple users is given the access to review, amend and act in the absence of their colleagues

Manage quotes securely

Viewing quotes online are securely managed in many ways

Quotes are released to view by the buyers only when the minimum number of vendors submit their quotes and the RFQ end date is elapsed

Negotiate

Schedule online meetings with vendors to negotiate and revise the quotes

Record vendor negotiation communications and use them while shortlisting

Price comparison & Shortlisting

Easily compare and view the prices of various quotations and choose the best

Add specific remarks and initiate approval for suggested vendors

Shortlist the qualified vendors and award the PO accordingly

Operate the happiest and most efficient procurement team along with satisfied Vendors on the foundation of effective

Kprocure collaborative platform