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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Supplier Management
ProVen’s smart solution changes how you engage with your suppliers. India’s top mobile-first solution, equipped with advanced algorithms, helps you automate the supplier lifecycle and gain a competitive edge for consistency, efficiency, and growth
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.
Effortlessly Drive Value With An Innovative, AI-Powered Supplier Management Solution
See the entire supplier lifecycle in real time.
Store all related data in one central location.
Access a comprehensive audit trail, reports, checklists, and more.
Manage suppliers
Reduce supplier risk by having the ability to block them within the system.
Stay updated with supplier scorecards and maintain a clear record of performance through an execution tracker.
Build strong relationships with suppliers by utilizing integrated communication.
Improve on Supplier Joint effort and Spotlight on the Master plan of Supplier Management
ProVen’s smart Supplier Management removes your heap to physically handle provider data and dispense with any information errors that could have slithered in.
Risk Mitigation
Reduce your business’s uncertainty and risk by addressing the main challenges. Monitor supplier performance compared to your standards and receive real-time tracking reports on your device.
Performance Analysis
Our powerful solution provides a complete view of supplier performance to help you make important decisions. Use intelligent analytics to gather essential metrics such as supplier profiles, scorecards, review reports, and evaluations in one place and achieve positive outcomes.
Unparalleled Visibility
Bring together supplier data and performance reports on a central platform to provide easy access to all departments in your organization.
Nurture Supplier-Centric Relationships
Bring together supplier information and performance reports on a centralized platform to provide easy access for all departments in your organization.
Improve Organizational Efficiency
Ensure optimal results and cost optimization by digitizing supplier metrics. Achieve greater value with data-driven decisions facilitated by smart dashboards and customizable reports.
Bespoke Workflows
Streamline your supply chain with our flexible and user-friendly dashboards, allowing you to monitor every step of your supply chain.
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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