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The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).
The initial step involved calling up a comprehensive tender to establish a secure, scalable, and flexible data platform. Seeking an innovative solution, EVe initiated a meticulous tendering process, inviting vendors to propose software as a service (SaaS)-based solutions that could effectively address these challenges.
The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).
Collective agreements offer some predictability, but lump sum tendered bids often must guess the future and buffer to avoid loss. Large capital projects have multiyear cost models that must accurately estimate labour costs, allow for compounding, and be budgeted accordingly.
There will always be a cost of goods to consider but it will be a much broader view with the total cost of ownership internalized as much as possible. Public sector procurement also followed the Smith theory, where the lowest cost from a tendering process must deliver the best value.
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