The end-to-end management of your supply chain is a multi-faceted process. From the creation of your RFQ and RFP documents, to your supplier registration and bid management, the process is labor intensive and error prone. Broadening this to include contract creation, contract negotiation, and supplier performance management further increases the complications associated with the process. With Contracts 365 for Supplier Management, these complexities are readily addressed in a streamlined and integrated manner.
Remove the burden and time requirements associated with the new supplier registration process. Submit applications online for automated approval by the Procurement Team. Track new supplier registrations within the Procurement Dashboard and track progression through email alerts and automated escalations. Dynamically create and integrate with third-party validation services for improved workflow processes.
Create, maintain, and automatically distribute RFQs and RFPs by leveraging a centralized and standardized template library. RFQs and RFPs can be assembled by your RFx management team. Supplier profiles can be associated with specific RFQ and RFP documents for automated distribution of RFx opportunities to your supplier base.
Efficiently manage the dissemination of new RFQs and RFPs to suppliers based on their registration information and pre-selected categories. Provide submission date countdown information and allow for a secured question-and-answer process via the Supplier Dashboard. Bid responses can be uploaded directly into the repository with automated alerting, and discussion threads can be captured for future reference.
Automatically lock supplier bids upon the expiration date for submission responses so that additional content changes cannot be made. Review secured responses and compile automated comparisons of supplier responses for easy evaluation purposes. Upon selection, leverage standardized award and rejection templates to notify participants electronically.
Supplier Performance Management Track key supplier metrics through an easy-to-use dashboard interface with drill-down capabilities. Invoice against spend as well as non-financial obligations such as facility inspections, surveys, quality controls and other performance-related functions.