...The way to effective and optimized sourcing

Revolutionary solution to strategize Procurement

Strategic Sourcing & e-Procurement

v-kreta – An e-procurement initiative from GeoTech Informatics, India

v-kreta - A closer look

Market Opportunities of v-kreta

v-kreta - License Model

The Benefits of v-kreta

About GeoTech Informatics

About GeoTech Informatics

A boutique software development centre in Kolkata

Founded in 2002 as an Indo-German Joint Venture company

Clients across Europe, USA and Australia

Winner of world wide award: Developers of renowned e-sourcing solution “e-Contor” has been selected and won the Retail Application Developer (RAD) Awards in November 2004, for the best retail application in Supply Chain.

Strategic Sourcing & e-Procurement

Strategic Sourcing is the process of continuous improvement and re-evaluation of an existing procurement process.

Strategic Sourcing is facilitated more with an online procurement system rather than a classical one

The process of online procurement system is better known as e-procurement

v-kretaAn e-procurement initiative from GeoTech Informatics, India

mirrors the complete tender and auction processes

Purchasers efficiently conduct tenders within all relevant product categories

Ends when the customer and the supplier come into an agreement.

Identify Products to be purchased

Identify Products to be purchased

Create a tender1.Add Tender Title2.Select product(s)3.Add T&C

Create a tender1.Add Tender Title2.Select product(s)3.Add T&C

Add Requirements for the Tender

Product(s)

Add Requirements for the Tender

Product(s)

Create RFQ template for the

Tender Product(s)

Create RFQ template for the

Tender Product(s)

Add Vendors for the Tender from the

Vendor Pool

Add Vendors for the Tender from the

Vendor Pool

Send Notification email with login

credentials to the vendors

Send Notification email with login

credentials to the vendors

Publish the TenderPublish the Tender

Vendors loginand submittheir quotes

Vendors loginand submittheir quotes

1. Send tender award notification to the chosen Vendor

2. Use Vendor dialogue if necessary

3. Create Contract

1. Send tender award notification to the chosen Vendor

2. Use Vendor dialogue if necessary

3. Create Contract

Analysis Quotes and generate

Reports

Analysis Quotes and generate

Reports

Satisfactory Quote Received?

StartStart

EndEnd

Launch the second round of the TenderLaunch the second round of the Tender

Yes

No

Create tender (open/limited/auction), view, search and modify

Create product specification and proposal form

Multi round processing

Create/edit/delete/search vendors

Product based vendor categorization

Vendor statistics.

Add/edit/delete/search products

Display product list in a hierarchy tree view

Tender Management

Vendor Management

Product Management

Secured user access

Role based user access management

Company Management Set language, customized view and mail template

Configure specified language as well as terms and conditions

Platform Management Configure application (v-kreta) level settings like logo and language

Language Management: This module allows you to

Create/edit/delete language

Set the available languages for a particular customer

User Management

v-kretaA closer look

Tender Creation

Vendor Creation and Management

Create Specification & Proposal Forms

Invitation of Vendor to the Tender

Vendor registrations & Submission of proposals by Vendor

Creation of the Tender Status Report, showing proposals you want to compare

Tender Creation

Vendor Creation and Management

Specification and Proposal creation

Inviting Vendors

Vendor registration and proposal submission

Choosing Vendors & Creation of the Tender Status Report

v-kretaLicense Model

Application Service Provider Model (ASP Model)

Enterprise Server License Model (ESL Model)

Two types of licensing model

The Benefits of v-kreta

Increases procurement speedIncreases procurement speed

Partial automatization reduces time consumingmanual activities of the buyer

Partial automatization reduces time consumingmanual activities of the buyer

more products can be tendered simultaneously

Entire product range closer to market price

2Standardise the sourcing procedureStandardise the sourcing procedure

Defining a detailed process for the tender, the sourcing process can be standardised

Defining a detailed process for the tender, the sourcing process can be standardised

Improves tender quality

Improves quality of submitted proposal

1

Simplified repetitionSimplified repetition

Automatic, structured archiving, enables tendersrepeatition „at the push of a button

Automatic, structured archiving, enables tendersrepeatition „at the push of a button

products are tendered more often

better knowledge of current market price level

3 Management TransparencyManagement Transparency

Due to unified data storage in a single system, all sourcing activities can be reviewed at any time

Due to unified data storage in a single system, all sourcing activities can be reviewed at any time

improved controlling and coordination

4

Market Opportunitiesof v-kreta

“ Your key to strategize e-sourcing”

For more information please contact:

GeoTech Informatics Private Limited

DLF IT Park, Tower 3, 1st Floor, Plot 8, Block AF,Major Arterial Road, Rajarhat, New Town

Kolkata | West Bengal | India | Pin - 700156

Phone : +91 33 40063595, +91 33 40063596 Fax : + 91 33 40063594

Email : mail@geotechinfo.net URL: www.geotechinfo.net