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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 process to support the full lifecycle of your project, or just the portion that you choose to delegate. An engagement that is taking advantage of the full SPM capability has the following major process elements:
SPM Assessment: Review your current procurement policies and practices and define a tailored solution that best addresses the your specific needs.
RFx Administration: Develop your RFIs/RFPs, establish your evaluation committee (as applicable), distribute to vendors
Supplier Submittals: Suppliers receive RFx and submit electronically through system
Vendor Evaluation and Selection: Facilitate evaluation process; distrubute RFx sumissions to client evaluation committee for evaluation and scoring; final rankings displayed; client makes final selection and offer
Contracting Work Order: Ensure that key commitments, deliverables and project terms are captured; converted into SOW or SLA contract document; issued PO through system; services contracted
Vendor Performance Management: Timesheets and expense reports gathered and approved electronically; key deliverables and SLA's tracked; supplier performance recorded
Invoicing and Payment: Supplier request for payment; validation of deliver against SOW or SLAs; invoices approved by client; payments made to TAPFIN and then TAPFIN pays suppliers
Project Analytics: Collect key metrics for tracking project success and 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 you can leverage our expertise and gain the maximum benefits of implementing an SPM solution.
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