3 Ways to Optimize Procurement
10/07/2023
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Top 3 Ways to Optimize Procurement A study by Riskmethods found that 79% of companies experienced supply chain disruptions, resulting in a loss of 4%
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Forward Auctions
Exploit forward auction strategies to help net revenues and worth conveyance.
ProVen is an SRM software that offers a wide range of features to assist you in making informed sourcing and purchasing decisions, minimizing vendor performance risks, RFx & e-Auctions related solution with suppliers.
Experience Forward Auction With Cloud Experts
When it comes to selling, businesses aim for great prices. The forward auction tool allows potential buyers to competitively bid, starting from the lowest acceptable offers and going up to the highest possible price. Unlike reverse auctions, the forward auction system involves a single seller receiving incremental bids until there are no more buyers willing to bid. Procol’s advanced features for online forward auctions are designed to help businesses achieve strategic advantages and significant cost savings.
Key Features
Flexible Customisations
Integration with third-party ERP systems
Multi-channel supplier communication via Email and SMS/WhatsApp,
Automate sales order generation post-auction
Conduct comparative analysis of online forward auction events
Strategically plan/schedule your upcoming events
Dynamic event extension
Run multiple eAuctions in real-time
India’s leading mobile-friendly solution
SRM Key Features
One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.
Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.
Deploy reverse auction strategies to maximize savings and innovate procurement operations.
One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.
Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.
Enhance your most normal obtaining process, eRFX, and contract talks in the quickest way possible. Leverage ProVen&apos’s intelligent APIs to concentrate all obtaining information onto a solitary stage and improve on the most confounded processes with quicker direction.
Open the window to make your spending analysis more astute with ProVen. Open fundamental examples by solidifying a lot of spending Data and assist your Procurement Team to eliminate blind expenditures, screen conduct, and gain further bits of knowledge.
You can link your processes and technology using ProVen’s smart APIs. This will make different systems work well together. You don’t need to collect information from various tools anymore. You can make your procurement system better.
Say Goodbye to misplaced and mismanaged paper contracts with ProVen’s Contract Management Software. You can say goodbye to risks and lost savings too. It helps you to handle all types of contracts easily, securely, and without using paper and ink. It simplifies the creation, execution, and management of your contracts.
Save up to 20% of your procurement budget by reducing unplanned or uncontrolled spending. ProVen can help you manage your tail spend and find more savings by giving you a clear view of your spending.
See where you spend money in your supply chain and find ways to save. Procol’s smart dashboards show you information about how much products cost, details about suppliers, and trends in prices. You can use this information to cut down your expenditure.
Connect with an expert who can share more about our solutions and answer any questions you have.
ProVen Can Revolutionize Procurements For You.
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