The complete process of the Purchase Management Tool by ProcureTiger is as follows:
- Purchase Requisition - Aggregation of requirements from different department with relevant details.
- Supplier Management - Categorised vendor profiling.
- e-RFX - Request for Information, Proposal and Quotation; on click comparatives.
- Reverse Auction - Real-time procurement negotiation tool.
- Forward Auction - Real-time negotiation to sell anything and everything.
- PO Management - Placing of Purchase Order, split orders.
- Contract Management - Timeline management, document repositories, quality check.
- Catalogue Management - Frame work agreement, Rate contract, long-term supplier relationship.