What do you get when you take the entire procurement processes to a state-of-the-art, platform independent, scalable solution? You get streamlined commerce where buyers and suppliers can operate transparently and efficiently on a single page. This vision led to the development of the Enterprise Procurement System (EPS).

Enterprise Procurement System, is a hosted solution offered in an ASP (Application Service Provider) style model for sourcing services. The solution addresses the four main aspects of the procurement process:

1. Supply Strategy
2. Supply Discovery
3. Supply Execution
4. Supply Performance Measurement and Monitoring.

The EPS serves as a common business hub, for multiple buyers and sellers to come together and conduct business without compromising individual requirements and relationships. Besides being powerful, the system is flexible and can quickly be adapted to the needs of a specific industry or a particular business.

Among other functions, the functions of Seller Discovery and Sourcing Execution functions of Enterprise Procurement System (in web-based modular form) enables a buyer organization to conduct efficient sourcing process connecting to its supplier base real-time.

The solution encompasses all the business documents from the generation of the Request for Quotation (RFQ) in the buyer's system, translation and transmission of the same to the e-business hub, modules for the submission and evaluation of Quotation by sellers and buyers respectively, generation and transmission of other documents like Purchase Orders from the buyer's system to the hub and communicating the same to the seller, and even including the payment of the seller by leveraging the integration with a wide host of banks in India.

EPS offers a very fast time-to-market and involves low upfront implementation cost. In addition to these advantages, the solution offers the buying organizations the following:

• Opportunity to adopt a uniform procurement process, benchmarked with global procurement standards and Indian public sector guidelines
• Access to a larger supplier base
• Ability to issue and execute fully configurable, multi-part, multi-attribute Request for Quotations
• Customized Quotation templates for different material and supplier type
• Ability to generate complex comparative statements, easily
• Potential for aggregation of demand within and across industries

To know how EPS can help you, read a success story or contact us at: contactus@buyjunction.in. To register as a vendor, please visit EPS.