01

Frame the Problem

02

Process The Data

03

Collect The Data

Business

Bid Management Portal for Pharma Company, USA

27 November 2022

The client is a major pharmaceutical company. The challenge the client confronted was efficient management of vendors/suppliers. It was a time-consuming & complicated process as it involved multiple people at several locations trying to make it happen.

Microzant's bid management solution helped the client to choose the right supplier and ensure delivery on time. The bid management software provided the tools needed both within and across the organization to manage vendor information, compliance, performance & payment – all in one place. The solution featured functionalities like smooth vendor on-boarding, optimized vendor management system, live-track vendor performance, integrated procure to pay, vendor invoice processing, quotation management, and supplier lifecycle management.

The client was able to handle the bid management process efficiently and address incidents like supply chain disruptions or product recalls promptly.