Buyers create RFQs/BOQs online with our configurator. As the RFQ is ready, it can be floated for bidding to the suitable suppliers just by clicking one button (our matching engine floats each item of the BOQ for bidding to the suppliers that have the required product in portfolio). After the creation of the BOQ online, no manual activity is then needed to receive bids from suppliers, tabulate the incoming bids and create purchase orders!
ITEM FROM CONFIGURATOR --> MATCHING ENGINE--> AUTOMATED FLOAT TO MATCHING SUPPLIERS
The match BOQ item / supplier(s) is based on a specific algorithm that checks multiple variables (product type, dimension, material, origin restrictions, vendor lists, etc):
Which item is in the portfolio of which supplier?
• Item type
• Material Grade
Which suppliers can match the requested delivery time?
Which supplier is in the buyer’s approved vendor list?
The automated match demand / supply is enabled by the item codes standardization of the BOQ configurator.