S2P PLATFORM

RFQ Purchase

MEREDIAM Source 2 Pay

MEREDIAM Source 2 Pay

Sourcing Management Platform

MEREDIAM SOURCE 2 PAY

RFQ Purchase

RFQ based procurement flow is used to procure items by requesting multiple vendors for proposals.

Multiple negotiations and bids can be done to arrive at the best value. Vendor comparison charts helps organisations to make transparent and informed decisions. 

Mobirise

01

Purchase Request

PR is a lightweight web-form. PRs go through an approval cycle. If the item requested is budgeted, then the system checks for available budget and the process stops with intimation to stake holders if budget is not available.

Mobirise

02

PR Approvals 

Mutliple levels of approvals can be configured based on cost, asset group, department or cost center. Activities of approvers are logged and based on approval or rejection, the process moves forward or backward with intimation to stake-holders.

Mobirise

03

Request for quote

Choose vendors to send RFQ. On submission of request, mail will be sent automatically to all selected vendors. Selected vendors will also be able to log into MEREDIAM and post their proposal. They can submit proposals multiple times during the configured window.

Mobirise

04

Negotiation

Vendor submits proposal through MEREDIAM. Submitted information is displayed as comparison statement. Ranking of different proposals can be viewed based on different factors apart from price. Specific or all vendors can be provided extensions for submitting proposals after multiple interactions. This can happen after and before bidding.

Mobirise

05

Bids 

Negotiations with configurable reverse auction helps in securing best terms and cost savings. Selected vendors are provided with a ranking screen with real-time update on position held by specific vendor. Price or other terms used for ranking can be updated by vendors during the auction window to improve their positions.

Mobirise

06

Vendor Selection

Eloborate vendor comparison statements based on multiple factors like cost, quality and reliability can be made available for stake holders to make well informed decisions.

Mobirise

07

PO

On successful authorisation by all approvers, the system generates firm Purchase Orders and sends them to respective vendors by mail along with terms, agreements or contracts.

430

+

EMPLOYEES

140

+

CUSTOMERS

300

+

PROJECTS

25

+

YEARS OF EXPERIENCE

MEREDIAM is a cloud based Global Sourcing Platform that provides greater spend efficiency while reducing costs. MEREDIAM streamlines all aspects of the sourcing process.

Multiple modules can be plugged into the MEREDIAM platform based on requirements. This makes rapid implementation with high scalability.

Customers

HONEYWELL

BRIGADE

TESCO

PAYTM

GE

FINCARE