BOQ & Activities based effortless Price Discovery
Procurement of Services and Cap-Ex is the most complex function with complicated & evolving techno-commercial parameters for the requirement.
Our research & interactions with various industry veterans reflected serious concerns about Cap-Ex & Services Sourcing due to its complex sourcing process in terms of time desired to be invested and visibility of the process for arriving @ buying decision.
VENDX Cap-Ex & Services module is arguably the only Sourcing module that simplifies this highly complex process most effectively
The Risk Associated with the Sourcing Process for Cap-Ex & Services
- Possibility of Cost overruns due to lack of clarity among key stakeholders
- Mismatch in expected & actual deliverables.
- Dependency on individual knowledge.
- Delay in project execution due to misunderstanding among stakeholders
- Errors in costing due to extensive human dependent complex calculations
- Lack of Accountability
Key Features
- Facility to create comprehensive Activity / BOQ template for RFQ & expected Bid
- Automatic computation & comparison of the total cost of suppliers based on the individual cost of activities/BOQ.
- Flexibility to allocate SoB (share of business) on activities.
- Facility to amend activities for ongoing RFQ.
- Self-configurable activity templates.
- Facilitates communication between stakeholders to seek clarifications.
Benefits
- End-to-end mapping of the process right from PR (if available) to RFP / Technical bid / Specifications Evolvement / Technical Capabilities Rating / Techno-Commercial Comparison of Parameters / Decision Making / Contract Creation.
- Easily Configurable template engine to design complex technical and activity level parameters for most appropriate Techno-Commercial comparison.
- Transparency in the process leads to having better control over the Project, which keeps a check on cost overruns.
- Activity / BOQ level costing and share of the business (SOB) provides flexibility to select the most suited vendor @ activity level
- Communication facility & logs of all communications between stakeholders concerning a specific transaction.
- Instant access to the information & communication log repository related to any and every transaction.
- Ease of Audit and Adaptability.
The Risk Associated with the Sourcing Process for Cap-Ex & Services
- Possibility of Cost overruns due to lack of clarity among key stakeholders
- Mismatch in expected & actual deliverables.
- Dependency on individual knowledge.
- Delay in project execution due to misunderstanding among stakeholders
- Errors in costing due to extensive human dependent complex calculations
- Lack of Accountability
Key Features
- Facility to create comprehensive Activity / BOQ template for RFQ & expected Bid
- Automatic computation & comparison of the total cost of suppliers based on the individual cost of activities/BOQ.
- Flexibility to allocate SoB (share of business) on activities.
- Facility to amend activities for ongoing RFQ.
- Self-configurable activity templates.
- Facilitates communication between stakeholders to seek clarifications.
Benefits
- End-to-end mapping of the process right from PR (if available) to RFP / Technical bid / Specifications Evolvement / Technical Capabilities Rating / Techno-Commercial Comparison of Parameters / Decision Making / Contract Creation.
- Easily Configurable template engine to design complex technical and activity level parameters for most appropriate Techno-Commercial comparison.
- Transparency in the process leads to having better control over the Project, which keeps a check on cost overruns.
- Activity / BOQ level costing and share of the business (SOB) provides flexibility to select the most suited vendor @ activity level
- Communication facility & logs of all communications between stakeholders concerning a specific transaction.
- Instant access to the information & communication log repository related to any and every transaction.
- Ease of Audit and Adaptability.
Case Studies
Digitization Success Stories
Read about challenges we addressed for our customers and the benefits accrued by them
.01
Complete Digitization of Procu ...
A leading commodity chemical & textile company having close to 3000 Crs PA turnover expanding their manufacturing @ CARG. Market leader in commodity chemical for the segment. The objective of the top ...
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.02
Auction Services leading to hu ...
A leading cement company in India was looking for a solution which can ensure best price discovery in fair and transparent manner for its spend on Cap-Ex , logistics, various services, marketing, pack ...
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.03
Ideal Freight Discovery
A leading Chemical Manufacturing company of India was looking for superior price discovery of their freights for different lanes for variable load factors for all modes of transport - Road, Sea, and A ...
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.04
Spend Analysis
A global pharma company having HO in West Zone in India was facing serious challenges in planning & executing effective buying strategies for different categories and vendors in absence of insightful ...
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.05
The Project Purchases of a Cem ...
The cement company is located in Northern India with over16 plants situated across Indian remote areas. It is one of the top 5 cement companies in India. The company is highly progressive and has the ...
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.06
Transparency & Governance of a ...
A fortune 500 MNC in the crop science, healthcare and bioscience business having par excellent reputation on their core organization ethics was looking for a solution to have impeccable record of fair ...
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.07
Pharma Company for Direct & In ...
A leading, vertically integrated global pharmaceutical formulation development, manufacturing, and marketing company with annual turnover of about 2 Billion USD having 10 plants across India, UK and M ...
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.08
Vendor Risk Mitigation
A leading commodity chemical company based out of Delhi was looking for a solution to have updated relevant information of their vendors to understand their capabilities and determine risk associated ...
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.09
Optimization of Sourcing Proce ...
The head office of the company is located in the West Zone of India. The focus of the company is in manufacturing Pharma APIs & intermediates primarily used by Pharma, Dyestuff, and Agro Chemicals com ...
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.10
Audit Challenges
A leading conglomeration of pharmaceutical, specialty chemicals, and agri chemicals groups wanted to ensure strong accountability for decisions and ensure seamless audit. They had received some seriou ...
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.11
Effective Order fulfilment
A leading Cement manufacturing company having global manufacturing facilities wanted to have a digital solution which can offer visibility to the entire order fulfillment process to ensure timely deli ...
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.12
Payment Register
Leading Chemical and Textile conglomeration wanted to provide visibility of accounts and payments to each of their supplier for superior vendor satisfaction & to avoid unnecessary inter-departmental c ...
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.13
Volody Contract Lifecycle mana ...
Volody’s work with one the world’s largest capsule manufacturer has been thoroughly studied and successfully implemented for greater results. Volody was ranked amongst the top 20 Most Promising Sa ...
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.14
E-Invoicing
Companies face many difficulties in processing Invoices received from multiple vendors. Paper invoices received by factories spread across several locations need to be scanned and emailed to a central ...
Learn More east
VENDX Solutions
Accelerate Your Digital Transformation
VENDX E- Sourcing Suite
VENDX e-Sourcing Suite is the most powerful digital platform to drive the best buying decisions.
VENDX Cap-Ex & Services Module
Simplify your Cap-Ex & Services Sourcing
VENDX Freight Discovery Module
Discover optimum price for all modes of logistics
VENDX Q+ (Procurement Intelligence Engine)
Responsive Analytics for best buying strategies
Auction
Services
Best strategies for superior price discovery
VENDX
Vendor Portal
Discover your most suitable vendors
VENDX Delivery Tracking
Module
Ensure seamless order fulfilment & superior vendor performance
VENDX
Payment Register
Deliver best supplier satisfaction
VENDX &
ERP Integration
Securely exchange data with your legacy system effortlessly
Contract Management
Optimize and streamline the entire contract management lifecycle
VI+ AP Solution
Opti-VIVe app enables the automation and processing of inbound invoices
Cloud Procurement Solutions
An efficient cloud procurement system