Step By Step Process Summary
See exactly how Buyers and Suppliers connect, negotiate and close business on FocusedBuyer® — from the first RFX to the final report.
Step By Step Process Summary Executed By Buyers & Suppliers
- Buyers Connect to Suppliers100% Cloud-Based, Strategic, Digital Procurement
- Buyers and Suppliers EngageA Totally Interactive Process, Including Colleagues
- Buyers Create and Issue FocusedBuyer® LISTINGS (RFXs*) Online to SuppliersSending Private Email(s) and/or Posting them Publicly on the FocusedBuyer® Site
- Suppliers Review RFXs & Decide to Make OffersThey Create & Send Quotations
- Buyers Receive Quotations to ReviewCompare Supplier Offers & RFX Conformity
- Parties Send Clarifying QuestionsInstant Online Messaging, Including Colleagues
- Buyers Choose Suppliers for Further CommunicationsDiscussions/Negotiations
- Buyers Finalize Supplier of Choice DecisionCommercials and Terms & Conditions
- Buyers Draft, Review & Issue ContractsSend to Winning Supplier(s) & Colleagues
- Suppliers Receive & Review Contract(s)Send Acknowledgement(s) to Buyers
- Parties Follow & Manage Contract(s) StatusEnsure Relevant Updates Are Posted
- Parties Take Corrective Action with ProblemsDelivery, Quantity, Quality, $$, etc.
- Buyers Close Out Contract(s) when Requirements are MetAll Parties Notified
- Parties Capture in Organized Format All InputSpend, Performance, Sales, Etc.
- Parties Retrieve Purchase & Sales ContentFor Reports & Repeat Buy/Sell Cloning
*Note: An RFX Listing Can Be: A Request for Information (RFI); A Request for Bid (RFB); A Request for Proposal or Pricing (RFP); A Request for Quotation (RFQ) or A Request for Solution (RFS)