RaProcure: Enhancing Manufacturer Decisions with Competitive Information Statement
RaProcure is India’s first B2B platform designed to simplify the procurement process of the Steel Industry in India. The portal utilizes an AI that automatically generates and updates the Competitive Information Statement, generally abbreviated as CIS with each new quotation.
Manufacturers play an important role in the procurement process. They accumulate the raw materials and turn them into the final usable product. RaProcure is consistently implementing various features to make the procurement procedure simple and error-free.
RaProcure: Providing Competitive Information Statements to Manufacturers
Competitive Information Statement provides an in-depth report to the manufacturers detailing quotations from different vendors. This enables them to compare prices and make informed decisions.
Advantages of CIS:
Effective Cost Management
Manufacturers retrieve quotations from various vendors, allowing them to compare options and effectively manage operational expenses. Furthermore, manufacturing units can negotiate with vendors to avoid overpaying for materials, eventually maximizing profits.
Strategized Sourcing
A detailed analytical statement helps manufacturing units to identify the best vendor for their preferred item. This reduces the dependency on a single seller and enables manufacturers to receive ideal offers.
Vendor Analysis
Manufacturing units can examine each vendor’s performance through price quotations in the Competitive Information Statement. This helps manufacturers select the most reliable and cost-effective vendor through RaProcure.
Overview
RaProcure’s CIS is a detailed report of quotations from different vendors in a unified place. Manufacturing units can use such statements to reduce operational costs and optimize their procurement process. This also reduces dependency on a single vendor and ensures they retrieve quality products at the best price.
