Event and Partnership Evaluation System

Vendors and Tenders Management

In this era of globalization, and outsourcing, companies’ competitiveness, operating efficiency, and cost structures are increasingly dependent upon the performance of external supply partners. Sourcing the right supplier mix is a critical first step. Sustaining and continuously improving the value of the supply base requires constant measurement, analysis, and management of supplier performance.

The aim of the module is to offer a flexible platform that allows organizations to centrally manage and control supplier engagements to support improved risk management and sourcing decisions and ensure systematic flow of tender management. It helps organizations to effectively manage complete life cycle of a Tender starting from purchase department of a company releasing a purchase intend, Tender publishing, registering of vendors to participate in tender , tender evaluation, selecting a vendor against particular purchase and issue PO. It manages all non-employee labor and services procurement, providing true visibility into cost, compliance, risk, and efficiency.

An automated Vendors and Tenders Management enables Real-time collaboration within various departments within an organization for the creation, management and analysis of the Contract Management and Tendering process. It provides Vendor registration through website to participate in particular tender. It streamlines the on-boarding process and ensures that insurance, certifications, and diversity information is up-to-date and allows managing at all stages including: initial registration, ongoing performance assessment, recording nonconformance’s, implementing corrective/preventative actions and tracking results

It provides a centralized platform where all stakeholders can view important supplier information, participate in sourcing decisions, and manage supplier engagements. It helps to gain valuable insights that can increase efficiency, mitigate risk, and maximize vendor performance.

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