Today’s Internet-based economy clearly demonstrates the power of collaborative sourcing, an especially critical element in serving the entire supply chain. Automated sourcing - Request-for-Quotation (RFQ) based procurement entails streamlining the sourcing process online, making it easier for buyers and suppliers to communicate.

Direct sourcing items are made-to-order and hard-to-find materials and services that are typically sourced through RFQs, unlike indirect sourcing materials, which are often found in a catalog. Beyond the hype of price savings realized in reverse auctions, the true value is discovered in the efficiencies of moving the RFQ and product-collaboration processes online.

Indiaengineering’s RFQ Sourcing Services provides online collaborative sourcing technologies that allow buyers and suppliers of direct and specifications-based raw materials to locate ideal trading partners, negotiate purchases, and strengthen supply chains on the Internet. With online document viewing, mark up and collaboration facility, RFQ Sourcing is a complete end-to-end automated Request for Quote (RFQ) and supplier sourcing process that enables buyers to automate their RFQ-driven procurement and significantly reduce procurement costs and cycle times.

The RFQ Sourcing services constitute the following :

• Total RFQ Planning & Preparation
  Technical and Commercial Data Compilation, AIMS Parameter Setting, Drawings / Technical Documents uploading
  
  
• RFQ Communication, Buyer & Supplier Training
  Total cost RFQ communication, Buyer training on RFQ Process Supplier Training on Drawing Collaboration, Online Negotiation Techniques
  
  
• Conducting an online Sourcing Event
  Complex / Direct Material Sourcing Event with Drawing Collaboration facility with or without discovery
  
  
• Reporting and Analysis
  Report Generation, Analysis on Defined Parameters, Price Trend, Supplier Base Analysis, Contract / Purchase Order Award