VENDX – Negotiation Module is a robust web based procurement tool which allows companies to standardize and provide tremendous control over their entire purchase process to streamline and manage their supply chain most effectively.

Benefits & Key Features of VENDX – Negotiation Module

Benefit: Complete Internal Controls on Procurement Process due to
Standardization of Purchase Process
Well documented & transparent buying decisions
Single point of Audit of all purchase decisions

Key Features of VENDX to meet Internal Controls
Customized e-format of RFQ/ Quote/ Quotation Comparison / Order
Auto Creation of Quote Comparison directly from submitted quotes
Track of all historical transactions
e-Authentication of Purchase Decision - by defining authority of each user for every action
Logs of all activities

Benefit: Reduction in Input Cost due to
Instant access to Market & Historical information
Huge savings of time on unproductive tasks
More Competitive Buying Environment
Reduction in lead time
Enhanced quality of Negotiations

Key Features of VENDX which facilitates Reduction in Input Cost
Facility for buyer to build dynamic Vendor Directory
Facility for vendor to update product catalogue with inventory & prices
Sending Mass RFQ
SMS and e-mail alerts on RFQ & Quote reminders to Vendors
Mass Negotiation facility to Buyer
Report on Negotiation Pattern of each vendor

Benefit: Paperless Office
No need for cumbersome paper based transactions
Huge saving of Time in Storage & Retrieval
Savings of Space
Secured Data

Key Features of VENDX which help meet objective of Paperless Office
e-creation & transmission of all communications
e-Folders to Store and Organize and easily retrieve any communication
Zero space requirement
Secured Login for accessing data