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%.
Case Studies
System Analysis and Design of Company XYZ’s RFQ/RFP Processes
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