Increase competition by tapping into mjPRO’s ocean of 70000 + supplier base
Suppliers are key to provide the buys & services needed for any organization. Very often we find organization grappling with only a small group of suppliers.We have also seen our clients approach us to help them with the issue of arresting cartelization in some specific categories. The answer to this lies in vendor rating. All of our vendors in our mjPRO supplier inventa module are rated on quantitative & qualitative parameters. Thus hard facts like delivery compliance, quality rejections are fed back from our downstream (i.e. post PO) module to the rating system & also the soft facts like adherence to safety norms etc., can be achieved thru’ a survey or filled in by the evaluator from buyer side Read More

Complete integrated PR-Payment module
mjPRO has wide array of functionalities starting from purchase requisitions creation, aggregation, splitting. Flip to RFQ is a feature that enables creation of RFQ in no time, despite having the functionality of creating an RFQ from scratch. Our templates and auto evaluation makes procurement faster. mjPRO also facilitates in integration with any kind of ERP either through APIs orthrough handshake in a realtime or batchmode process. Our templates and auto evaluation makes procurement faster. mjPRO also facilitates in integration with any kind of ERP either through APIs or through handshake in a realtime or batchmode process. These integration touch points are done starting from PR till Payment. Suppliers can bid either on portal or via email for easy usage of the platform. Our entire PR to payment process is integrated and can be tracked and viewed on a single platform – “mjPRO”. Our extensive micro-service based workflow functionality ensures that even non-procurement guys like Legal, User, Quality, Finance etc. during a procurement cycle, can also use the system thus end to end the procurement process can be digitized. Read More

Leverage mjPRO Auction Engine to achieve best price
mjPRO provides a seamless auction engine with the RFx module. The bids received in the RFx module gets passed into the auction engine where in by default L1 of the bids received is used as start bid price for the auction. mjPRO has a wide variety of auction strategies basis which different procurement scenarios can be handled. mjPRO facilitates various auction types including Dutch auction. Our client have witnessed atleast 3-5% savings from the estimated benchmarks. Read More

AI & ML enabled auto RFQ
Auto RFQ is a feature where the e-Procurement System is able to recreate the RFQ through Machine Learning (ML), for items which have been bought, not a long time back, replicating the same RFQ conditions & vendors as used in the previous transaction. Traditionally a buyer creates an online invitation for bids by selecting the appropriate form / template, choosing the correct vendor base & setting up the Terms & Conditions for purchase. In C Class, 80% of the items purchased are repetitive in nature, procured sporadically and frequently. Despite Rate Contracts many are bought as spot buys. Auto RFQ saves time and redundancies in spot buys. Read More

Suppliers can securely bid on mjPRO also via eMail
In addition to user friendly bidding facility in the portal, mjPRO is equipped with features like RPO based excel bidding. Suppliers, without login into the portal, can bid using a simple excel format & mail facility. This minimizes the urgency in vendor training & makes onboarding of suppliers fast and easy. mjPRO also has RPO (robotic process automation) based quote submission mechanism. The RPO based feature helps fast on-boarding of suppliers without extensive platform usage training. They are just required to mail back with the filled excel of their quote in the same mail id from where they have received the request for quotation intimation. Read More

Spend Analytics and Dashboards for data driven procurement
mjPRO is armed with an in-built analytics engine which can select any data point for users to prepare various dashboards as required. Data representation in normal bar graphs, pie, concentric circle, marimeko or any other form is easy and effective in mjPRO. Visualization of the data can be controlled with a role access mechanism for varied privileges given to various users. With such facilities, you get to see everything, track everything and control everything. Read More