Resources / Infographics / Westfall Technik’s Procurement Process with Arkestro
Westfall Technik’s Procurement Process with Arkestro
1
Aggregate and specify demand
2
Identify potential suppliers
3
Simulate quotes from all potential suppliers using predictive modeling techniques
4
Shortlist and qualify suppliers using both history of supplier relationship and simulation
5
Invite qualified suppliers and propose suggested offers
6
Provide SKU-level feedback and enable suppliers to revise final offers
7
Award business to one or more suppliers based on total value, incorporating quote price and other relevant factors
1
Aggregate and specify demand
2
Identify potential suppliers
3
Simulate quotes from all potential suppliers using predictive modeling techniques
4
Shortlist and qualify suppliers using both history of supplier relationship and simulation
5
Invite qualified suppliers and propose suggested offers
6
Provide SKU-level feedback and enable suppliers to revise final offers
7
Award business to one or more suppliers based on total value, incorporating quote price and other relevant factors