What is 1Vendor Platform (1VP) ?


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 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:
  1. Facilitating transparent transactions between buyers and vendors.
  2. Offering fast and compliant quotations.
  3. Enabling an end-to-end process for Procure-to-Pay & Dispatch-to-Delivery.
  4. Facilitating faceless negotiations between buyers and vendors.
  5. Advance Catalogue management and data driven pricing support


Industries face challenges in effectively handling  indirect and tail spends which are not directly linked to the production in a industrial setup. 

Despite constituting only 20-30% of total factory/business expenses, these expenses account for 70-80% of both vendors and items ordered. Additionally, engaging with multiple suppliers for competitive offers, invoices, and payments proves time-consuming, impacting overall efficiency and productivity 



Ineffective management of indirect and tail spends can result in:
  1. Increased time and financial resources spent on  vendor registration  for any  additional vendor in the system 
  2. Procurement delays impacting plant productivity and launch timelines
  3. Compliance challenges with out-of-process purchases
  4. Complexities in multi-party payments and tracking supplier payments, impacting vendor relationships.
Benefits
  1. Streamlined Product Search: Access an extensive selection, minimizing the hassle of product searches.
  2. Vendor onboarding Need: Save time by eliminating the need to search and register with new vendors.
  3. Efficient Quote Management: Request, compare, and ensure compliance with multiple quotes, optimizing cost efficiency.
  4. Dynamic RFQ Management: Benefit from real-time price updates and a centralized view for RFQs and faceless negotiation, accelerating decision-making and order confirmation
  5. Seamless Online Negotiations: Utilize the feature of online 'faceless' negotiations for optimal selling decisions.

Customer testimonial


Selling Partner Testimonial 



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 




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