BOQ & Activities based effortless Price Discovery
Procurement of Services and CAPEX 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 CAPEX & 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 Capex & Services module is arguably the only Sourcing module that simplifies this highly complex process most effectively
The Risk Associated with the Sourcing Process for Capex & 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
- 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.
- 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.
Digitization Success Stories
Read about challenges we addressed for our customers and the benefits accrued by them