When it comes to RFQ or Sourcing Software, here’s what every SMB needs to know. Request for proposal software can help PO managers rein in spending and gain control of the ordering process. There are many benefits that e-procurement can provide your business. You can slash the time you’re now spending in half. By following the information set out here, you’ll save time, money and headaches while better managing your spending.
With Request for Quotation software, you can eliminate the chaos inherent in purchasing and enjoy organized control over the whole process. Sourcing software ensures your purchasing is optimized saving you money and even time. A Web-based RFQ system provides managers with reporting that gives them increased purchasing power that they never had before. Now that you’ve seen a high level overview of how a system like this can help your SMB, lets drill down to even more specific benefits.
The key benefit is improved efficiency. Sourcing software allows you to create a Request for Quotation (RFQ) from existing requisitions. Because it’s Web-based, it can easily be modified by any authorized person right up until it’s turned into a PO. A variety of reports can be generated that provide a detailed level of intelligence into the whole process. This not only helps you monitor buying, but gives you insight into trends, how well your vendors perform to your requirements, and historical data as well. There are some specific details of the features and benefits so let’s talk about how this software affects your time.
Request for Quotation (RFQ) software can slash your buying time by 50% or more. That’s time that is completely freed up to work on your other projects. Sourcing software can be accessed anywhere you have a browser and Internet access. You can even perform approvals with your mobile device. This software is scalable and customizable to meet your needs so you don’t waste your time working in some rigid manner. Choosing a Web-based option allows all updates to be done behind the scenes without you needing to put time into them.
Can you see how Request for Quotation (RFQ) software is specifically made to benefit SMBs like yours? Sourcing software such as this can give you control of buying you have never experienced before, you get a ton of benefits and it slashes your buying time. So put this to use today to save time, money and eliminate buying headaches.