Organizations that desire to procure products or services, generally
try and get the best deal in the market. The more organized ones have
empanelled vendors for almost all items the organization wants. They
also will have a procurement policy and procedures to ensure that they
get the best possible products at the right price from the market. This
will enable them to provide in turn, to their customers the best
possible products and services.
In order to assist matured organizations with their procurement
process and also in order to increase their reach and also to enable
vendors of good reputation to enroll and participate in the procurement
process, Arowana has designed Tender Management System, which will bring
about transparency and efficiency in procurement. The system is a web
based application, covering the entire tender process, right from
Qualification of Vendors till the selection, under one umbrella
application which can be accessed, reviewed and edited by authorized
officials. The Tender Process (includes Pre Qualification System &
Procurement Tender processing) which is a N-tired solution where users
can publish tenders, interested suppliers can quote for the tender and
based on supplier’s qualification and Quotes, tenders can be awarded.
The application has multiple levels of approval and verification process
and is distributed in two separate websites.
Pre-qualification of suppliers is the first part of the system that
provides business with one source of accurate, up to date and validated
supplier information. Being better informed about the suppliers enables
better decision making which in turn reduces risk, saves money and frees
up time to focus on higher, value added procurement tasks.
Procurement Tendering Process is the second part of the system, which
facilitates the corporate services to streamline and manage the
procurement tenders in a centralized manner.
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