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ibs Rfx (Request For Exchange)

SUPPLIER COLLABORATION SOLUTION

Retailers and retail solution providers have invested significant time and money in Product Information Management systems, aimed primarily at item data synchronization between suppliers and retailers.

While this has been a valuable activity, it only touches on part of the collaboration opportunities among trading partners. Significant bottom line benefits can be realized through a more complete level of process integration and data interchange through the implementation of Soft Solutions' ibs Rfx Supplier Collaboration.

 

ibs Request for Exchange ibs Request for Exchange

Modular and able to be implemented consistent with individual company needs and priorities, Soft Solutions' ibs Rfx brings new levels of collaborative capability for global trading partners, resulting in more competitive products to serve the needs of consumers.

“IBS RFX IMPROVES PRODUCTIVITY AND MARKET REACTION TIME FOR RETAILERS AND SUPPLIERS WHILE IMPROVING TIMELINESS,
ACCESSIBILITY AND ACCURACY OF DATA.”

BUSINESS BENEFITS

Supporting the entire lifecycle of the commercial and marketing relationships between retailers and suppliers, ibs Rfx includes capabilities for managing the RFI (Request for Information) and RFQ (Request for Quotation) processes; supplier deals negotiation process, media planning, product design and development, and samples management.

Workflow-enabled and able to be integrated with other Soft Solutions applications such as ibs Deals and ibs Promotions; ibs Rfx improves productivity and market reaction time for retailers and suppliers while improving the timeliness, accessibility and accuracy of data on both sides of the firewall.

KEY FEATURES
  • Requests For Information Management

In the process of Product Design & Development, for instance when developing a private brand, there's a crucial need for all retailers to accurately communicate the detailed specifications of the products that must be developed:


  • Need definition by the marketing department and/or product managers.
  • Creation of the RFI that must be transferred to all potential suppliers.
  • Corresponding replies from suppliers structured according to the retailer's specifications.
  • Buyer's analysis and comparisons of the offers received from suppliers.
  • Link to samples management.
  • Proposals to the marketing department and/or category.
  • Managers selected from the offers comparison.
  • For new products selected automatic creation of the item card in the Portal's database.

  • Requests For Quotations Management

Once the RFI process is completed, the retailer may choose the best offers that have been selected from the RFI process and automatically initialize an RFQ. This, subsequently, initializes an RFQ without the initial step of an RFI.


  • Internal RFQ request by the marketing department and/or product managers.
  • Creation of the RFQ that must be transferred to all potential suppliers.
  • Corresponding replies from suppliers structured according to the retailer's specifications.
  • Buyer's analysis and comparisons of the offers received from suppliers.
  • Link to samples management.
  • Proposals to the marketing department and/or category managers selected from the offers.
  • Comparison for a possible listing process.
  • For new products selected, automatic creation of the item card.

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