e-Procurement
e-Procurement
Electronic procurement, commonly known as e-procurement, is integral to contemporary procurement practices. It ensures efficiency within the buying process, minimises paperwork, and improves communication between buyers and suppliers through the digital or electronic issuance of Requests for Proposals (RFP), Quotations (RFQ), or Information (RFI).
How Can We Help?
Our advanced RFQ tool is an add-on to VCM, our vendor compliance system. It leverages a vetted supplier database and is specifically designed to streamline the process of requesting and receiving quotations or tenders from suppliers.
VCM is aligned with the National Development Plan 2030, the Mining Charter, and the Department of Trade, Industry and Competition (DTIC) for effective B-BBEE spend reporting. It also conforms to ISO 28001 (Supply Chain Security Management) and ISO 9001 (Quality Management).
VCM's RFQ Tool Highlights
- Initiates RFQs to vetted suppliers for a seamless closed-loop sourcing process
- Empowers buyers to focus on commodities, not individual suppliers
- Automated adjudication of quotations and tenders based on buyer-defined criteria
- Supplier classification by locality and mining charter adherence for B-BBEE spend alignment
What Are The Benefits?
- View of supplier's compliance status before awarding an RFQ or tender
- Actual bottom-line savings
- Focused and strategic sourcing
- Support for procurement strategies relating to B-BBEE and local spend
- Provides local community suppliers access to opportunities
Revolutionising Procurement
Efficiency, compliance, and local empowerment.