S2P PLATFORM

Catalogue Purchase

MEREDIAM Source 2 Pay

MEREDIAM Source 2 Pay

Sourcing Management Platform

MEREDIAM SOURCE 2 PAY

Catalogue Purchase

Frequently procured items are negotiated and listed in a simple catalogue with blanquet PO.

Users can access items belonging to their department and directly place order with configured limit.

Mobirise

01

Catalogue Selection

Frequently procured items can be pre-negotiated at a specific price for a period of time. Price and duration can be negotiated with multiple vendor partners based on geography, capacity etc. These items can be added to a catalogue from which orders can be placed without RFQ process. 

Mobirise

02

RFQ & Approvals

Price, duration and selection of vendors can be done through a regular RFQ process. Vendor comparison charts shall be available in MEREDIAM at the end of proposal submission and bidding process. 
Selected vendors will receive purchase orders on approval by stake-holders.

Mobirise

03

Open PO

On approval by appropriate authorities, contracts / POs with commitment of purchase of a specific quantity during a particular period are sent to vendor partners. These contracts / POs are not commitments to vendors for taking delivery of any material.

Mobirise

04

Purchase Request

PR for Catalogue purchase follows the standard procedure. PRs go through an approval cycle. If the item requested is budgeted, then the system checks for available budget and the process stops with intimation to stake holders if budget is not available.

Mobirise

05

Budget

Budget can be set for different departments or cost centers. This can be further grouped for specific asset groups. Once budget reduces below a pre-defined threshold, the system intimates all stake-holders for necessary action.

Mobirise

06

Approval

Mutliple levels of approvals can be configured based on cost, asset group, department or cost center. Activities of approvers are logged and based on approval or rejection, the process moves forward or backward with intimation to stake-holders. 

Mobirise

07

PO

On successful authorisation by all approvers, the system generates firm Purchase Orders and sends them to respective vendors by mail along with terms, agreements or contracts.

430

+

EMPLOYEES

140

+

CUSTOMERS

300

+

PROJECTS

25

+

YEARS OF EXPERIENCE

MEREDIAM is a cloud based Global Sourcing Platform that provides greater spend efficiency while reducing costs. MEREDIAM streamlines all aspects of the sourcing process.

Multiple modules can be plugged into the MEREDIAM platform based on requirements. This makes rapid implementation with high scalability.

Customers

HONEYWELL

BRIGADE

TESCO

PAYTM

GE

FINCARE