1Vendor Platform (1VP)

What is an Annual Rate Contract (ARC)? An annual Rate Contract (ARC) is a procurement strategy of enterprises/ business customers to reduce cost. ARC is an agreement or contract between sellers and buyers to provide items for a defined period, mostly a year. ARC is a great solution and benefits both sellers and buyers. ARC assures constant prices throughout the year and protects buyer from increasing prices and for Sellers, getting visibility of supply, with which they can plan the supply quantity committed in ARC and hence can assure better margin. ARC assures faster and simplified procurement for both buyer and seller. ARCs would fall in Class B purchases. As an organization, there should always be a push to convert all their Class C items( the unknowns/ unplanned purchases) to Class B ( the planned purchases) but this would not happen in a day, organization need to work backward from their data of consumption pattern and then decide     When should we opt for ARC? ARC is a great str

  Shree Swastika Rice Mill (SSRM) is now procuring on 1 Vendor Platform (1VP) Shree Swastika Rice Mill (SSRM) a leading producer of Muri (Puffed Rice) Rice, the mill is located in Nalhati, Birbhum, West Bengal, and also producer of  Rice Bran, Broken Rice, Rise Husk, Rise Husk As h.  1VP is elated to have Shree Swastika Rice Mill (SSRM) in our partner ecosystem. Want to know more? Reaching us is easy. Web-  www.1vendorplatform.com   Email - info@1vp.in Mobile- +91 9470570169 Follow us on  LinkedIn Join our  WhatsApp channel 

  Reborn International Onboarded to 1Vendor Platform ( 1VP) Reborn International is Kolkata based firm and is an industrial supplier primarily in engineering consumables and supplies to leading FMCG factories and Manufacturing MSMEs. 1VP is super excited to be selling partners to Reliable Bearings and Tools Want to know more? Reaching us is easy. Web-  www.1vendorplatform.com   Email - info@1vp.in Mobile- +91 9470570169 Follow us on  LinkedIn Join our  WhatsApp channel 

E-procurement  ( electronic procurement , sometimes also known as  supplier exchange ) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning. The e-procurement value chain consists of indent management, e-Informing, e-Tendering, e-Auctioning, vendor management, catalogue management, purchase order integration, Order Status, Ship Notice, e-invoicing, e-payment, and contract management. Indent management is the workflow involved in the preparation of tenders. This part of the value chain is optional, with individual procuring departments defining their indenting process. In works procurement, administrative approval and technical sanction are obtained in electronic format. In goods procurement, indent generation activity is done online. Elements of e-procurement include 

Click the block     to listen about 1Vendor Platform  1Vendor Platform (1VP) , is a simplified  e-procurement platform for Industries, with a focus on  indirect and tail spends. 1VP seamlessly brings together industrial buyers and vendors on a unified digital platform, ensuring a streamlined procurement* experience through advanced technology and process innovation. Employing the drop-shipping principle, vendors on 1VP directly ship products to 1VP registered buyers through the platform with Vendors billing to 1VP and 1VP billing to buyers. This ensures a seamless transactions of buyer with all vendors with single registration of 1VP at buyer end Our digital platform guarantees a seamless procurement experience through: Facilitating transparent transactions between buyers and vendors. Offering fast and compliant quotations. Enabling an end-to-end process for Procure-to-Pay & Dispatch-to-Delivery. Facilitating faceless negotiations between buyers and vendors. Advance Catalogue mana