Four different ways to create e-sourcing requests

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The procurement journey can be an arduous one if your approach is lacking structure or you haven’t got a clear enough idea of the ultimate goal. So to start you off on the right foot, e-sourcing offers four distinctly different ways to publish your invitation to potential suppliers.

An e-Request for Quotation is used to gather quotes from suppliers based on your precise idea of what you’d like the market to provide. Your request will be detailed, so that received bids can be easily compared. Competition between suppliers is established, and once the bids are in you’ll be able to select the best. Perfect if… you want to stock up on blue biros for the office, an uncomplicated request.

An e-Request for Tender is used to run a formal procurement tender in the public or private sphere. Unlike an e-Request for Quotation, this type is usually an open invitation rather than one targeting chosen suppliers. An e-Request for Information will usually precede an e-Request for Tender. Perfect if… you’re obliged to cast your net as wide as possible, opening up competition within the marketplace.

Most of the time, an e-Request for Information is used at the start of the procurement cycle, to conduct pre-tender market research or set up continual innovation capture. Such intelligence gathering helps to inform the next stage, laying the foundations for an e-Request for Quotation, Tender or Proposal. Perfect if… you’re entering a new market and want to get a general idea of goods or services available.

An e-Request for Proposal invites detailed responses from suppliers, or allows them to propose their own solutions. Submitted early in the procurement process, the e-Request for Proposal allows the buyer to assess the finer details of suppliers’ proposals before moving on to an e-Request for Quotation or Tender. Perfect if… you have a particular business problem and you’re looking for innovative solutions.

e-Sourcing streamlines and simplifies the sourcing journey, proving adaptable to your business’s changing needs while providing the transparency that antiquated paper-based systems struggle with.

With SourceDogg’s e-sourcing platform, you’ll experience ease of use each step of the way. Having selected the e-request that fits your requirements, the SourceDogg Wizard will guide you through adding all relevant details, before allowing you to publish the request for supplier interaction.

Check out some other benefits of SourceDogg’s user-friendly e-sourcing solution.

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