e-Procurement
Electronic procurement, commonly known as e-procurement, is integral to contemporary procurement practices. It ensures efficiency within the buying process, minimises paperwork, and improves communication between buyers and suppliers through the digital or electronic issuance of Requests for Proposals (RFP), Quotations (RFQ), or Information (RFI).
How can we help?
Our advanced RFQ tool which is an add-on to our vendor compliance system called VCM, leverages off a vetted supplier database and is specifically designed to streamline the process of requesting and receiving quotations or tenders from suppliers.
Tailored to meet the needs of busy procurement departments, our RFQ tool offers efficiency and reliability in managing procurement activities. VCM is aligned with the objectives of the National Development Plan 2030, as it categorises suppliers based on commodities.
Suppliers are meticulously classified in terms of the Mining Charter and the Department of Trade Industry and Competition (DTIC), facilitating effective B-BBEE spend reporting.
VCM is aligned with the International Standard for Supply Chain Security Management Systems (ISO 28001) and Quality Management Systems (ISO 9001), ensuring a secure and high-quality procurement experience for our clients.
VCM’s RFQ Tool Highlights:
Initiates RFQs to vetted suppliers for a seamless closed-loop sourcing process
Empowers buyers to focus on commodities, not individual suppliers
Automated adjudication of quotations/tenders based on buyer-defined criteria
Supplier classification by locality and adherence to the mining charter for flexible procurement strategies aligning with B-BBEE spend targets
What are the Benefits?
View of supplier’s compliance status before awarding an RFQ/tender
Actual bottom-line savings
Focused and strategic sourcing
Support procurement strategies wrt B-BBEE and local spend
Provides local community suppliers access to opportunities
Revolutionising Procurement
Efficiency, Compliance, and Local Empowerment!