eRFX by Pantavanij: Smart Online Supplier Sourcing for Cost Reduction
Currently, finding new suppliers and comparing prices remain major challenges for procurement teams tasked with maximizing budget efficiency for their organizations.
eRFX (Electronic Request for X) is an online sourcing system designed specifically to address these issues. It enables organizations to search for vendors, request information, and obtain online quotations for effective comparison and selection—ultimately driving sustainable cost-reduction opportunities.
Expand Your Network with a Trusted Supplier Directory
Break through the limitations of traditional sourcing, which often suffers from a restricted pool of vendors. Pantavanij’s eRFX system opens doors to new opportunities by leveraging a robust, centralized supplier database:
- Over 30,000 Suppliers: Easily discover new, potential suppliers.
- Verified Database: Suppliers are verified by the Revenue Department and DBD.
- 31 Categories: Covers a wide range of goods and services, aligned with UNSPSC standards.
- Centralized Data: Fast and easy search capabilities within a single, unified system.
A Fast and Accurate Sourcing Process
The eRFX system streamlines complex sourcing steps into a seamless end-to-end workflow:
- eRFX & Questionnaire Creation: Easily upload price requests via Excel and create custom questionnaires.
- eRFX Submission: Set timeframes, invite vendors, and receive online bids via the Supplier Portal.
- Price Summary: Automated price and answer comparisons, complete with visual data graphs.
- Supplier Award: Instantly notify relevant stakeholders of the selection results within the system.
Key Benefits for Procurement Teams
Adopting the eRFX system elevates your operational capabilities:
- Proactive Cost Reduction: Increase the chance of securing the best prices through diverse options.
- Time Efficiency: Track vendor quotation statuses in real-time.
- Transparency & Auditability: All comparison data and decisions are systematically recorded.
Smart Sourcing for Superior Results
The eRFX system is the key to overcoming the limitations of traditional supplier sourcing. Leveraging technology to gather, compare, and analyze data not only reduces costs and saves time but also establishes a foundation for a highly transparent and efficient procurement process.
