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Sourcing Management

Identify, evaluate, and approve new suppliers efficiently for better procurement process from RFx to contract award, ensuring top value agreements for your sourcing needs.

Nirmalya Enterprise Platform Suite offers a robust and efficient set of sourcing tools for enterprise procurement teams. By incorporating best practices into a single platform, this cloud-native solution helps organizations streamline processes, automate tasks, and increase competition. Focusing on risk management and value maximization, it enables long-term savings, simplifies supplier evaluation, and enhances sourcing events for better results. In a competitive procurement environment, its user-friendly interface and collaborative features make supplier evaluation, RFP authoring, and contract awarding easier. By using these tools, businesses can access supply markets, boost competition, and get the most value from their expenses.

Maximize Revenue

Evaluating all quotes and gaining visibility into projects by a vendor helps buyers secure favourable terms during negotiations.

Enhanced Visibility

Vendor information and projects can be conveniently accessed within the vendor record, allowing buyers easy availability to pertinent data.

Improved Buyer Procedures

By using existing purchase agreements and open purchase orders, purchasers reduce lead times and minimize manual input.

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Unified

Bringing data, technology & expertise together to transform your business and make future-ready.

Connected

Integrating different varieties of data to enhance transparency, insights, and transform digitally to capitalize on data and innovate without boundaries.

Interoperable

Reliable & Resilient – your platform & partner for digital transformation without limits.

Streamline, Maximize, and Prevail

Experience a multitude of benefits that awaits

  • Easily create online sourcing events with just a few clicks, tailored to your sourcing strategy.
  • Efficiently manage multiple auction lots simultaneously or sequentially to meet your business requirements.
  • Utilize embedded analytics to automatically initiate sourcing waves and expedite supplier agreements with contract templates.
  • Implement standardized, documented processes to ensure optimal sourcing outcomes consistently.
  • Streamline the entire request for quote process within a single platform, from gathering requirements to vendor selection and bid evaluation.
  • Send project specifications to multiple vendors and review proposals simultaneously for time-saving and accurate supplier selection.
  • Review all quotes collectively and access vendor project information for informed negotiation and optimal terms.
  • Easily monitor vendor performance metrics such as on-time deliveries, defect rates, and pricing through vendor scorecards.

Prominent attributes to enhance your organization

Improve profitability, streamline procurement operations, and foster efficient communication between requesters, buyers, and vendors using sourcing management.

RFP Creation

Ensuring smooth collaboration and efficient workflows are essential in successful sourcing processes. Nirmalya Enterprise Platform Suite offers a sophisticated RFP suite for creating multi-line proposals and quotes with ease. Recognizing that sourcing requires teamwork, the platform allows colleagues to collaborate by assigning specific roles customized to your company's needs. Whether obtaining approvals, co-authoring questionnaires, or evaluating supplier responses, it allows for a personalized approach to each e-sourcing event. With complete oversight and audit control, the platform enables organizations to enhance team performance, achieve cost savings, and attain desired outcomes with accuracy and professionalism.

  • Create proposals and quotes easily using forms, templates, wizards, and workflows for collaboration with colleagues across all units, regions, and suppliers.
  • Customizable roles for creating and publishing requests for proposals or conducting auctions.
  • Empower users to assign roles such as approvers, co-authors, and evaluators for different stages of sourcing events.
  • Customize a team for every e-sourcing event to enhance performance, maximize cost savings, and ensure thorough oversight and audit compliance.

Market Intelligence

Centralizing critical Vendor information is vital for informed decision-making. Detailed Vendor profiles and past performance data are easily accessible, facilitating the evaluation of current relationships and the onboarding of new vendors. Nirmalya Enterprise Platform Suite offers advanced sourcing software solutions to streamline the process. By inviting Vendors to RFPs with confidence and separating Vendor registration from the RFP process, the workload on the sourcing team is reduced, and Vendor management is seamless. This approach enhances sourcing efficiency, allowing for thorough Vendor assessments while maintaining simplicity and clarity in vendor selection.

  • Access detailed vendor profiles and past performance data when determining which vendors to invite for RFPs.
  • Invite vendors to RFPs confidently, separating vendor registration from the RFP process to ease the workload on the sourcing team.
  • Streamline vendor management and enhance sourcing efficiency through vendor assessments, while ensuring simplicity and clarity in vendor selection.
  • Separate supplier registration and RFP steps to create a more focused and manageable sourcing process.

Real-Time Sourcing

Nirmalya Enterprise Platform Suite’s auction management feature effortlessly integrates into the sourcing cycle, providing real-time bidding capabilities without the need for a separate tool. This streamlined process includes advanced functionalities like lotting strategies, extension rules, and safety nets, giving you the ability to maintain control over your auctions and maximize value realization. Additionally, our unified source-to-pay platform simplifies auction preparation and monitoring, allowing for efficient supplier qualification through qualification questionnaires and automated progression from RFI to RFP stages based on supplier criteria. This comprehensive approach ensures a competitive final auction stage and enables the seamless interlinking of sourcing events, allowing you to tailor your sourcing strategy to achieve your specific objectives effectively.

  • Generate auctions seamlessly within the platform itself, eliminating the requirement for an additional auction tool.
  • Employ functions like lotting strategies, extension rules, safety nets, and advanced options for enhanced efficiency and security.
  • Enhance the efficiency of the auction process by quickly pre-qualifying suppliers.
  • Achieve seamless auction setup and monitoring through a consolidated platform for a comprehensive procurement process.

Sourcing Repository

Nirmalya Enterprise Platform Suite streamlines sourcing events for businesses by providing top-notch templates for RFIs, RFQs, RFPs, and e-auctions. Instead of dealing with time-consuming repetition and isolation of events in documents and spreadsheets, the platform consolidates all RFX activities in a single repository, making it easy to develop a template library. Customizing questionnaires is quick and efficient, ensuring each sourcing event is optimized without unnecessary duplication. This advanced platform saves time and effort in the procurement process by providing convenient access to essential resources without the need to start from scratch.

  • Create sourcing events effortlessly with the help of expert finesse and top-quality sourcing templates for generating RFIs, RFQs, RFPs, or e-auctions.
  • Consolidate all RFX activities into a single, readily accessible repository for streamlined access.
  • Facilitate the creation of a robust template library to streamline the customization of questionnaires for every sourcing event.
  • Streamline the procurement process by consolidating vital resources into one convenient platform, saving valuable time and effort.

Seamless Process Flow

Nirmalya Enterprise Platform Suite’s Procurement platform streamlines the entire sourcing and procurement process by integrating strategy, planning, sourcing, contracting, and purchasing into one cohesive tool. By eliminating the need for multiple sourcing tools and manual inputs, embedded analytics automate sourcing waves, and pre-populated contract tools expedite the procurement cycle. This platform ensures a seamless source-to-pay process with an integrated workflow, empowering users to identify savings opportunities, create projects, run sourcing events, negotiate contracts, and make purchases all within the same system. From initial strategy development to contract execution and supplier management, procurement platform serves as a comprehensive and efficient procurement solution, revolutionizing the way organizations approach procurement operations.

  • Embedded analytics streamline sourcing cycles, while pre-filled contract tools expedite procurement processes.
  • Enhance the efficiency of the source-to-pay process through the implementation of a simplified workflow.
  • Recognize cost-saving potentials, develop initiatives, conduct procurement events, manage contract negotiations, and execute purchases all through a single system.
  • Help team in all stages of procurement from forming strategies and contracts to managing suppliers for effective solutions

Dashboard & Analytics

The sourcing dashboard in Nirmalya Enterprise Platform Suite offers a comprehensive view of all sourcing activities, allowing you to assess performance against your sourcing strategy and make timely decisions for better results. Procurement management involves tracking multiple sourcing events simultaneously, and the dashboard makes it easy to stay on top of RFPs, auctions, and tenders. Customizable to focus on specific categories, the dashboard enables you to filter parameters and access relevant procurement metrics and insights. With instant visibility and advanced reporting capabilities, you can create detailed reports, graphs, and charts to share insights easily.

  • Support the assessment of performance in relation to sourcing strategy and enable timely actions to enhance results.
  • Tailor the dashboard to emphasize specific categories and explore pertinent metrics and insights.
  • Simplify Procurement management by effectively monitoring sourcing waves involving multiple RFPs, auctions, and tenders.
  • Enable real-time insight into sourcing operations and efficiency through advanced analytics reporting features.

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Resolving a wide range of challenges

Streamlined Process

Employs user-friendly interface for vendor creation, approval, and management, reducing training needs.

Customizable Workflows

Customize workflows to meet specific needs, ensuring team follows the approval chain for work and risk levels.

Customizable Checklists

Create dynamic checklists for each contract type to ensure all compliance and criteria are addressed.

Easy Accessibility

Access vendor portal on any device, web browser, or mobile app for visibility on the move.

Electronic Signature

Streamline approval process, eliminate paper-based procedures with secure e-signatures.

Vendor Compliance

Ensure that vendors comprehend and adhere to regulations and corporate standards.

Vendor Performance

Use vendor scorecard to efficiently track the supplier KPIs that are important to your organization.

Communication

Enhance communication with your vendors to prevent expensive mistakes caused by misunderstandings.

Risk Management

Monitor the necessary data to detect potential supplier risks and proactively address them before any issues arise.

Nirmalya has empowered us to implement operational transformations seamlessly within our organization, leading to a significant reduction in the time required to conclude financial reporting activities at the end of each month. Moreover, by leveraging a unified platform, we have successfully streamlined our processes, achieving remarkable operational efficiencies.

N Kedarnath | CIO, Oriclean

Accelerated Value Realization

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

How Much It Cost?

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.

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