At the onset, the customer was managing its Request for Quotation (RFQ) processes manually using traditional methods. This entailed high time and cost associated with assembling requests for quotes, printing the requests on paper before actually processing the request.
Being one of the largest in business and having a pan-India presence, an RFQ process involved multiple departments spread across various geographies. In such a scenario, it is inevitable to encounter the following challenges
The customer sought a solution that would automate this process, eliminate human error and reduce time.
Paripoorna’s approach evaluates the core needs of a market and its consumers and thus provides them with state of the art robust solutions.
We delivered a global on-demand, easy-to-use solution for suppliers to retrieve RFQs, manage large files securely and upload quotes efficiently. Having the entire procurement process centralized and automated has also helped the company to comply with internal audit requirements.
Paripoorna’s solution was a potent and fully automated RFQ process that unravels the challenges faced by the client. When used consistently, it can deliver significant bottom line profits to an organization.
With a deep business knowledge and technical expertise, Paripoorna’s solution highlighted the following
Paripoorna’s solution has helped the company save time due to RFQs being distributed electronically as well as helping them reduce their costs and eliminate the potential for lost documentation or data entry errors through automation rules and the elimination of manual processes.
We are fully convinced that the challenges faced by the automotive industry can be turned into opportunities for increased innovation, clean technologies, better consumer services, and more savings. Paripoorna’s distinct innovation in terms of the RFQ process makes the solicitation more efficient because fewer responses are provided and the responses are qualified.