01
Needs Assessment & Market Research
We identify the organization's procurement needs by working closely with departments and stakeholders to understand their requirements while conducting thorough research to identify potential suppliers.
02
RFP/RFQ Process
We create Request for Proposals (RFPs) or Request for Quotations (RFQs) that clearly outline project requirements, expectations, and evaluation criteria.
03
Bid Evaluation
We evaluate supplier responses to the RFP/RFQ, comparing proposals and selecting the most suitable supplier based on objective criteria.
04
Supplier Selection
We choose suppliers based on criteria such as cost, quality, reliability, and past performance. Tools like supplier scorecards can help in supplier evaluation.
05
Contract Creation
We develop a comprehensive contract that includes all terms, conditions, deliverables, milestones, pricing, and legal requirements. Tools like contract templates can help streamline this process.
06
Contract Execution
We secure signatures from all relevant parties and maintain a record of the contract, ensuring everyone understands their roles and obligations.
07
Renewal and Termination
We evaluate whether to renew, renegotiate, or terminate contracts based on performance and changing business needs.
08
Procurement Software
We utilize specialized procurement software (e.g., SAP Ariba, Coupa, or Jaggaer) to automate procurement processes, from requisition to supplier management.