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Your Procurement Process: You Decide. We Manage.
TAPFIN's SPM process flow is customized to fit your scope and procurement process. We can tailor our solution to support the full lifecycle of your project, or just the portion that you choose to delegate. Full SPM engagement includes:
SPM Assessment: We review your current procurement policies and practices and define a tailored solution that best addresses your specific needs.
RFx Creation and Approval: We work with you to develop your RFPs, establish your evaluation committee (as applicable), and distribute to vendors.
Quality Assurance: We draw on our extensive experience in facilitating the SPM process to quality check your RFx for terms, conditions, and SLAs or SOW deliverables..
Vendor Sourcing: We work with you to select your key vendors, using metrics and performance management evaluations to comprise the list of best vendors. We then send RFx and receive responses electronically through our system.
Vendor Screening and Selection: We facilitate the evaluation process; distribute RFx submissions to a client evaluation committee for evaluation and scoring; display final rankings; and finalize the offer.
Compliance Management: We ensure that key commitments, deliverables and project terms are captured; convert them into SOW or SLA contract documents; and issue POs through the system.
Milestone Validation and Payment Management: We receive supplier requests for payment; track key deliverables and validate service delivery against SOW or SLAs; ensure invoices are approved by the client; and pay the supplier once the client pays TAPFIN.
Performance Management: We collect key metrics to track project success, vendor performance, and the realization of key business objectives.
TAPFIN's extensive experience, industry best practices and tool-agnostic approach mean that each solution is custom- tailored to your unique processes and workflow. So that you can leverage our expertise and gain the maximum benefits of implementing an SPM solution.
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