Stax

SEPTEMBER 19, 2024

Metrics like churn rate, average order entry time, RFP win rate, % of orders delivered in time & in full, revenue, MOM profit margins, and more will help you develop a clear picture of how well your new QTC system is performing. You should have a list of KPIs that will help you track the performance of your system.

Process

Nanonets

SEPTEMBER 21, 2023

Request for Proposal (RFP) A request for proposal, or RFP, is a more comprehensive document used when buyers have complex requirements or need solutions that go beyond pricing. RFPs outline the buyer's needs, specifications, and evaluation criteria, allowing vendors to propose detailed solutions or approaches.

Best Practices

Nanonets

FEBRUARY 15, 2024

Documentation: Based on responses to the RFI, the team shortlists suppliers and sends out Requests for Proposal (RFP) to obtain detailed bids, including pricing, delivery timelines, and maintenance services. RFP Issuance: Action: Detailed RFPs are sent to the remaining 8 suppliers.

Finance

Nanonets

MAY 31, 2023

Identification and evaluation of the vendor: Depending on the scale of operations and the value of the product/service required, the vendor may be chosen by a simple web-search or through complicated RFP/RFI/Tender processes. The automation of the procurement process requires meticulous planning in order to derive maximum benefit from it.

Process

Nanonets

JUNE 19, 2024

💡 P2P Software these days come with comprehensive integrations to create automated workflows across your apps and databases involved in the P2P cycle. Cons: Does not support inventory control, RFP and bid processes. 🚀 Ready to leave manual P2P processes in the dust? Book

P2P

Nanonets

MAY 16, 2024

💡 P2P Software these days come with comprehensive integrations to create automated workflows across your apps and databases involved in the P2P cycle. Cons: Does not support inventory control, RFP and bid processes. 🚀 Ready to leave manual P2P processes in the dust? Book

P2P