A web application which shall digitalize the entire procurement system reducing the time taken for the agreement settlement from 45 minutes to 15 minutes and bringing all the stakeholders on a single platform. It shall act as a user friendly environment creating the best understanding between the vendors and the buyers socially and financially.
Manufacturing and Pharmaceutical companies such as Prestige, Sun Pharma require a variety of raw materials for their products.
These raw materials are sourced from multiple vendors (a single type of product/raw material can be sourced from more than one vendor).
The agreement for the product is contracted in advance and for a specified duration such as a month, quarter, or year, i.e., every agreement has an agreement start date and agreement end date.
Once the agreement date is close by (less than or equal to 15 days from today), the manufacturer floats a new RFP (Request for Proposal) among his vendors for a new agreement and selects the best agreement. An agreement consists of the agreement start date, agreement end date, the total cost per unit for the product, and whether the delivery of the product is the vendor’s responsibility of the manufacturer has to pick up the product from the vendor’s site.
The current process of agreement renewal and settlement takes a long time to reach the completion stage.
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The Procurement Assistant identifies all Agreements which will be expiring in the next 15 days.
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Procurement Assistant Floats a new RFP among the vendors through email with a deadline. The enitre process shall be done in the backend.
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Then the vendors respond to the RFP by replying to the email with an agreement.
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Upon receiving the Agreement, the assistant has an option to negotiate by submitting a counter/target price per unit. Our assistant shall release a form connected to the backend for the negotiation.
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Once the final Agreement rates are received from all vendors, they are compiled together and one or more Agreements out of all the received Agreements are selected by the Procurement Assistant.
NODE JS-Backend
MY SQL- Database
HTML- For the Skeleton of the Web Application
CSS- For the Design
JAVA SCRIPT-For The Get and Post Requests