e-RFQ (Electronic Request for Quotation
) solution by EAMbrace automates the manual process of quotation management which enable organization(s) to procure right product/services from right vendor at right price thus saving lot of capital expenditure along with time. e-RFQ solutions allow organizations to send as pre-defined e-mail to all registered vendors with a single click which will include the product/services which organization needs to procures. Vendor can put their prices, promised delivery date, buy back price, payment terms, delivery terms in that email. e-RFQ solutions captures this data given by vendor automatically and provides a comparison sheet based on different parameters like price, delivery date, payment terms etc. Organization can select few vendors from the total responses received for negotiation thus enabling organization to select right vendor for required product/service.
In many organization requisition and procurement process is automated but asking quotation for vendors, comparing them one different parameters to make comparison sheet for approving authority, negotiation and selection of right vendor is still a manual process which takes lots of time and also in the end their might be a chance that user might buy some product/service at higher rates because they might have missed some vendors who were providing the same product(s)/service(s) at comparatively cheaper price.
Below is how the solution helps users:
About The Company
- Automatically captures vendor response to provide comparison sheet
- Attach vendor quotation as PDF, emails, words etc
- Send comparison sheet to approving authority along with actual quotation through system
- Select appropriate vendor to generate PO through Procurement Module of EAMbrace
- Keeps track of all the responses for each e-RFQ for future references
Progressive Technology Solutions PTSOL is a software and technology solutions and services company founded in 2002 and headquartered in Silicon Valley, CA, USA with its offices in Europe (United Kingdom), UAE (Dubai) and India (Mumbai/Pune). PTSOL team has developed highly modular and configurable enterprise asset management software EAMbrace. It provides number of solutions around asset management using EAMbrace. Company’s configurable solutions and quick implementation approach allows them to meet clients’ requirements which include fortune 2000 companies in a very short timeline.