Supplier contracts auto-renew because there's no time to run competitive bids every cycle.
Different business units source independently — the same supplier quotes different prices to each.
Freight and logistics quotes are in different formats (per kg, per pallet, per container) — comparison is manual.
Qualifying new suppliers takes weeks of back-and-forth; approved vendor lists never grow.
Organize sourcing by commodity, region, or business unit.
Search 20M+ suppliers by capability, certification, and geography.
Competitive bid packages with standardized response templates.
Negotiate MOQs, lead times, Incoterms, and payment terms in-thread.
Normalize landed cost: unit price + freight + duty + payment terms.
Split awards across multiple suppliers. Track performance over time.
Drag the sliders. See the real cost of leaving vendors uncontacted.
“We re-tendered our packaging supply and found 8 new vendors in markets we hadn't considered. Saved 14% on year one.”
— Head of Procurement, FMCG manufacturer
Yes — bulk import via CSV or Excel. Existing vendor records, contacts, and categories map straight in.
Yes — quotes in any currency are normalized to your base currency for like-for-like comparison.
Yes — issue an initial RFQ, shortlist, then issue a BAFO round to the shortlist with revised scope or commercial asks. Both rounds stay linked under one package with full audit history.
The comparison engine normalizes EXW / FOB / CIF / DDP quotes by adding freight, duty, and payment-term cost-of-money so you see the true landed cost per unit, not just the headline price.
Yes — award a percentage to each shortlisted vendor (e.g., 60/30/10) and Provendor records the allocation, terms, and contacts for each. Useful for critical commodities where single-source is a board-level risk.
The AI comparison includes a configurable scoring breakdown — typically 40% price, 20% delivery, 15% terms, 15% compliance, 10% value-add. You can re-weight per category (raw materials vs freight vs services).
Yes — Vendor Master holds the pre-qual data per supplier. Re-issuing a tender to an already-qualified vendor skips the qualification step entirely.
Start free. First RFQ live in under 10 minutes.