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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Sourcing Optimizer
Improve your regular purchasing process, eRFX, and contract negotiations quickly. Use ProVen’s smart APIs to gather all purchasing information in one place and simplify complex processes with faster guidance.
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, and sourcing optimizer related solutions with suppliers.
Sourcing Optimizer with Tailored Solutions based on Your Needs!
Before ProVen
Excel-based eRFXs
Inabiltiy to reflect changing bids
Manual, open to error process
Ineffecient decision-making
After ProVen
Customisable templates
Sectional weightage mechanism
Real-time update of proposal & bids
Automated sourcing process
100% Transparency
Data-driven, intelligent decision-making
Why ProVen’s Sourcing Optimizer?
Make Faster Decisions
Our advanced sourcing optimizer brings together data from multiple sources and enables users to make informed decisions with valuable insights.
Unparalleled Flexibility
Our flexible and customized dashboards are designed to handle multiple bids and create a collaborative marketplace for businesses and suppliers.
Improved Productivity
Manage events, proposals, and contracts on a single dashboard to achieve faster results.
100% Process Transparency
Manage events, proposals, and contracts from a single dashboard to achieve faster results.
Analyse Internal and External Data
Reduce unnecessary spending by utilizing ProVen’s intelligent data modeling and achieve savings of up to 10% on your procurement expenses.
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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