We all know that in business, time is money. As a procurement professional whose job is to secure reliable vendors for clients, it is imperative to take advantage of all the resources available to you such as automated RFI templates to make the outsourcing process more efficient. When first engaging potential suppliers, you may request an RFI, RFP, and RFQ from each of them. Gone are the days of using manual processes to receive bids and price quotes. Cut your RFI process time by 90% with an automated eProcurement solution from ProcurePort.
The Importance of a Request For Information (RFI)
Regardless of the industry you operate in, issuance of an RFI is an integral part of procurement vendor selection. An RFI is designed to provide as much relevant information about the vendor as possible. This may include information regarding the vendor’s products or services, their capabilities, expertise, experience and strategies. The procurement manager then uses all this data to compare different service providers so candidates can be shortlisted.
Procurement Vendor Selection Can Be Time Consuming
A procurement professional cannot spend endless hours sifting through the different bids that come through from service providers. In order for the procurement vendor selection process to be efficient, it is key to adopt automated RFI solutions such as those provided by ProcurePort. Using our streamlined RFI template your procurement team can get the job done faster because this software has an inbuilt scoring system that will highlight the top vendors once all the data has been submitted.
Stay Competitive By Adopting The Latest eProcurement RFI Solutions
Technology is redefining how business is done in every sector of business. In fact, technology is changing so fast it has outdated Moore’s Law. Moore’s Law, just in case you were not familiar with it, was the first to attempt to define the pace at which technology is changing. The procurement industry has fully embraced technology, as it has significantly done a lot to improve operational efficiency. In the past, a lot of time was spent manually evaluating RFI, RFP and RFQ sent in by scores of vendors. Now, thanks to innovative eProcurement RFI solutions from ProcurePort, procurement times can be reduced by as much as 90%.
eProcurement RFI Solutions At Your Fingertips
If you’re now wondering which RFI eProcurement solution to use, look no further than ProcurePort’s cutting edge RFI templates. There is a reason this RFI software is trusted globally by sourcing professionals and organizations including Union Pacific, Hud.Gov, and conEdison Inc. This software is:
ProcurePort RFI software is hosted in a Tier IV Data Centre that is SSAE 16 Type II compliant which means we take your privacy and security very seriously. Sending out RFIs and carrying out a procurement vendor selection process has never been more secure.
According to the Harvard Business Review, the average work-week is now 72 hours for most entrepreneurs and managers across the country. However, 21.8 of those 72 hours were shown to be wasted – used in low-level activities that had little to no value for the business.
In order to help you use your time wisely, ProcurePort’s RFI template is automated and designed in such a way as to reduce and eliminate all time-consuming procurement activities. This centralized template ensures that all information is captured and stored easily allowing you to pick your final service provider faster than before.
Our RFI solution is fully integrated offering third party software integration support and a host of other convenient features such as advanced reporting for response comparison, currency conversions, supplier acceptance sign-off for terms and conditions, secure login for suppliers, and more, including support for various question types.
Request A Free Demo of ProcurePort RFI Software
Are you interested in this procurement solution but would like to test drive the RFI software first? Request a free demo today. To talk to someone in greater depth about our entire RFI, RFP and RFQ suite don’t hesitate to contact one of our solutions specialists