eProcurement

eSourcing Software Solution

Web-enabled technology facilitates the process of procurement for both buyers and suppliers.

Explore more about eSourcing Solution

We ensure that your teams work on the best information to optimize the results for your business when sourcing indirect goods, direct materials, services, and much more. We can measure cycle times for various project types and eliminate bottlenecks to make sourcing more efficient.

Reduce Costs

TechnoRishi e-Sourcing systems speed up procurement processes – reducing the total time ofRead More

Total Transparency

Our Procurement eSourcing module helps companies better understand a potential supplier’s Read More

Adoption of Technology / Innovation

Our eSourcing application provides a means to leverage new technology for collaborating wiRead More

Evaluation Process

TechnoRishi e-sourcing portal allows you to automate the evaluation of the responses; therRead More

Effective Communication

Our e-Sourcing portal is a self-contained fully auditable system that enables you to send Read More

Custom reporting

TechnoRishi eSourcing software offers personalized reporting, which assists in selecting tRead More

Feature List

“Any Organization’s success of any procurement depends on how effectively it can execute its sourcing strategies. TechnoRishi's e-Sourcing software makes it easy to find the right suppliers for your business through easy-to-use, intuitive sourcing tools."

Auction

TechnoRishi Procurement Auction System is just another sourcing event, but with a real-time bidding strategy at its heart, just create an auction in the same way you would create eRFX and enable real-time bidding to organize an auction. Select qualified suppliers who meet the criteria for participation in the eRFX stage, this can be automatically shortlisted in TR Auction Module and invite them to the final auction stage for real-time competitive bidding.

Vendor Management

In Our eProcurement Vendor Management System, your supplier database and your sourcing database are the same. In our supplier management module, you can onboard new suppliers through your predefined supplier registration, enrolment, and categorization process. TR Vendor Management System gives you instant access to your supplier with detailed supplier profiles, including scorecards and past performance data.

Sourcing Dashboard

TechnoRishi e-Sourcing dashboard gives you comprehensive visibility of all your sourcing events — RFIs, RFPs, RFQs, and Auctions — across the enterprise. Our e-Sourcing dashboard lets you drill down, filter, and select the parameters that you need to see to get the metrics and insights you want into what is going on in your piece.

Scalability

In our e-Sourcing module, you can conduct multiple auctions simultaneously across locations and product categories and you can have multi-currency negotiations with high-level system and data transport security. Dynamic competitive auction module you can choose from 250+ inbuilt negotiation practices and negotiation techniques.

Seamless Process Flow

TechnoRishi smart process flow system ensures your users can centrally govern master data using configurable business rules, enabling processes and workflows. We can integrate seamlessly with existing enterprise systems — ERP and other sourcing tools — to create new supplier records and update transactions.

Market Assessment

Once you have a complete picture of your company's needs, the next step is to formally invite suppliers to bid on your project. You can formally approach the market via a Request for Information (RFI), Request for Quotation (RFQ) Request for Proposal (RFP).

Manage Strategy

Define and roll out category-wide objectives and incorporate all relevant organizations, stakeholders, and suppliers and ensure all are working towards the same objectives. Efficiently collaborate and share knowledge across teams to ensure a consistent and comprehensive strategy for a given category.

Bill of Material

Manage your product’s bill-of-materials (BOM) through the e-Sourcing, costing, and supplier selection process. Quickly develop scenarios to assess supplier selection methods.

Centralised Data

Our eProcurement eSourcing Solution provides an accessible central data repository that has all supplier data, which is updated regularly. This significantly simplifies compliance audits for corporations.

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