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The state of today’s swift and cutthroat business world makes proper procurement strategies imperative for organizations to negotiate for the best prices; facilitate their operations effectively; and ensure competitive advantages. Achieving these objectives requires a strong procurement platform or what is sometimes referred to as a Request for Proposal (RFP) platform. With the help of these platforms, procurement-related tasks are made simpler and supplier relationship is improved which ultimately results in better procurement strategies. The following are ten technical aspects that define a procurement platform.A simple user interface is very important for any procurement solution so that users do not require any elaborate training to use it. These are a dashboard which provides an overview of such things as tasks that are due, activities last performed; easy-to-use and effortless menus to switch between different sections; and finally, the ability to customize one’s dashboards. This, in turn, makes the platform friendly to users with low-tech literacy and lets them get the most out of the platform in terms of functionality. Intrinsic design enhances the satisfaction level and efficiency of the users to a great extent.

Supplier management is one of the core components of procurement. The suggested implementation should enhance the function of a centralized database containing all main suppliers’ details and their contact information as well as performance records. Evaluation tools involve the appraisal of suppliers’ performance against pre-set parameters while the integrated communication tools enable a smooth flow of communication via messaging, notifications and alerts. This has a good impact on an organisation since it assists in the fostering of good relations with the suppliers. Managing the suppliers effectively cuts down risk and guarantees dependable suppliers.