Track: Case Studies
Abstract
The study analyzed the procurement process at Company XYZ. It was determined that an existing information system is available and in use by the company. However, the RFQ/RFP process is still manually performed. Specifically, RFQ/RFPs are prepared outside of the existing system, and then sent to vendors via email. To address this gap, a new system was proposed wherein procurement staff and vendors can have a common interface to prepare and float RFQ/RFPs (client side), and review and respond to RFQ/RFP (vendor side). This solution is expected to reduce PR-to-PO cycle time by 46%.