Wrench Solutions - Project Management Information System
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Procurement Management

Manage Vendor qualifications, Pre-order / Post order phase, progress monitoring and reverse bidding.

Procurement Management

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Implement effective Procurement Management by automating Vendor qualification, digitising Pre-order and post-order phases, plan, control and forecast procurement activities with real time data dashboards and conduct reverse bidding by maintaining complete data transparency and improving cost savings

"I am astounded by how easily and quickly they re-aligned all our processes. So many inefficiencies have now disappeared. I couldn’t be more grateful."

John Mathew, Director(Operations), Chalmers

Client
5 %
Cost Savings
90 %
Compliance to Quality Standards

*Based on customer feedback

0 X
Improvement in Procurement Cycle Time

Vendor Qualification

Online registration of interested vendors with all pre-qualification information, vendor evaluation through predefined workflows and approval of vendor for supply and services of identified items.

Pre-Order Phase

E-tendering from BOQ to the approved vendors, electronic receipt of technical proposal digitally. Commercial proposal against each BoM items. Technical bid evaluation as per pre-defined workflow, vendor clarifications, comparison of bid from multiple vendors and identification of L1, L2 for PO issuance with ERP integration.

Post-Order Phase

Review and approve of vendor drawings. Issue of clearance for manufacturing process, management of inspection processes and clearance for shipment with receipt of materials at site updated in the ERP.

Procurement Progress Monitoring & Control

Define weightages for key milestones and monitor real-time progress based on actual work completion. Proactive notification to concerned on delay and update forecasts. Procurement S-curves, reports and dashboards.

Reverse Bidding

Realtime reverse auction to identify the lowest bidder by maintaining complete transparency with automated audit trail of the sequence of events in the bid

Procurement Management Features

Streamline vendor pre-qualification process
Float Tenders
Conduct Technical Bid Evaluations
Conduct Commercial Bid evaluation
Finalize Vendors & Issue Purchase Orders
Review & Approve Vendor drawings
Issue manufacturing clearance
Manage Inspection process
View realtime procurement Status, S-Curves & Dashboards
Conduct reverse bidding
Integration with BIM 360
3D progress monitoring
Timesheets & Resource
Built-in Viewer
Versioning & Revisions

How it works

See how SmartProject helps Architects, Engineers, Contractors and Owners collaborate on engineering projects

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For Engineers and Architects

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For Owners

Additional Resources

Resource

Case Study: China Petroleum Engineering

The case explores how CPE used SmartProject to automate their business and project processes and achieved significant efficiencies.

Read More
Resource

Case Study: Qatar Design Consortium

The case explores how QDC achieved Global control across multiple projects through SmartProject, resulting in improved efficiency and faster delivery.

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Resource

Blog: EVM Progress Monitoring using S-Curves and Histograms of Engineering Deliverables

The post explores a solution for getting on-time project progress data, which is one of the biggest problems facing project managers

Read More

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