Spot Buying
What is Spot Buying? Spot buying is the process of making quick, unplanned purchases to meet immediate business needs. It is typically used for ad hoc requirements or when unexpected demands arise, requiring fast and flexible procurement solutions. With eTender, spot buying is fast, transparent, and efficient. The platform allows you to handle urgent purchases while maintaining control and visibility over your procurement process.
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Quick Requisition Creation
What it is: The process of quickly defining and submitting purchasing needs.
How eTender helps: Simplifies the creation of purchase requests to address immediate requirements without delays.
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Supplier Engagement
What it is: Connecting with suppliers to source products or services quickly.
How eTender helps: Provides access to a network of pre-approved suppliers, ensuring fast response times and reliable sourcing.
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Negotiation and Awarding
What it is: Securing competitive pricing and finalizing deals promptly.
How eTender helps: Use dynamic tools like eAuctions or quick quotations to get the best value in real-time.
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Tracking and Reporting
What it is: Monitoring purchases to maintain transparency and accountability.
How eTender helps: Generates detailed records for every spot buy, ensuring compliance and providing insights for future planning.
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Speed
Handle urgent needs quickly with tools designed for rapid procurement.
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Transparency
Maintain visibility over ad hoc purchases to avoid overspending.
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Flexibility
Adapt to changing business needs with real-time sourcing options.
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Control
Ensure compliance and accountability, even for unplanned buys.
