The on-demand eRFX module uses a collaborative approach to simplify and automate the process of creating an RFP by multiple team members, publishing an RFP to suppliers, collecting, evaluating and scoring supplier responses and making supplier selection decisions. It also provides a central repository of all RFPs for future reference.

Does you organization suffer from any of these challenges?

• Swamped by Labor-intensive, paper-based procurement processes
• Lack of version control maintaining paper trail with suppliers
• Difficult to compare supplier responses submitted in different formats
• Rising Costs associated with preparing and managing paper documents

The APT eRFX solution

• Simplifies the process of creating bid documents by multiple team members
• Publishes RFX to suppliers and allows management review edit and approvals including online Q&A using discussion forums
• Collects supplier responses in standardized formats
• Scores supplier responses and allows for distributed team evaluation (multiple independent evaluations of RFPs)
• Provide executive reports with overall supplier ranking and price proposals

This streamlined process significantly increases team productivity. Version control is no longer an issue due to the eRFx document tracking system and proposal managers can effectively monitor team progress to ensure timelines are met.

To facilitate supplier selection decisions, APT eRFx solution standardizes the structure and format of all the vendor responses compiling them in easy-to-read executive reports. Additionally, eRFx manages and tracks communication with suppliers making the entire bid process seamless from the earliest stages until all bids have been evaluated. Once the bid process is complete, eRFx keeps a central repository of all bid documents for future reference so documents only need to be created once.