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What is Requis?

Requis is an innovative cloud platform designed to link buyers with sellers of industrial materials. By digitizing the procurement and sourcing processes, Requis gathers supplier data through a crowdsourced approach, creating a comprehensive resource. This platform serves as an all-in-one solution for procurement experts, suppliers, vendors, and partners, facilitating the execution of procurement tasks as well as environmental, social, and governance (ESG) initiatives. With these functionalities, businesses can efficiently identify top suppliers, secure more favorable pricing, and enhance their ESG performance, ultimately streamlining their overall operations. Additionally, Requis empowers users to make informed decisions that align with their sustainability goals.

What is Procurement Power?

Enhancing the profit margins obtained from suppliers can be a daunting task, often seen as a refined skill. In the procurement process, it is clear that suppliers do not consistently offer their most attractive prices, leading to an ongoing game of negotiations regarding profit distribution between your organization and the suppliers. The most favorable pricing is largely determined by the supplier's desire to win your business and their apprehension about potentially losing it. So, what is the most effective way to convey this idea? Procurement Power provides an efficient platform that encourages suppliers to compete against one another while being aware of their bidding standings, thereby fostering a fairer marketplace. Many Fortune 500 companies have acknowledged the benefits of this approach and have been utilizing various auction systems to engage their suppliers for several years. It is crucial to remember that every transaction comes with its own set of costs, which can vary depending on the type of item being purchased and the depth of negotiations undertaken. Moreover, grasping these nuances can facilitate improved decision-making and cultivate stronger relationships with suppliers, ultimately benefiting the organization as a whole.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Requis

Date Founded

2018

Company Location

United States

Company Website

requis.com

Company Facts

Organization Name

Serex Procurement Solutions

Date Founded

2013

Company Location

Canada

Company Website

www.serexprocurementsolutions.com

Categories and Features

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Sourcing

Auction Management
Budget Management
Collaboration
Global Sourcing Management
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Supplier Web Portal
Template Management

Supply Chain Management

Demand Planning
Electronic Data Interchange
Import / Export Management
Inventory Management
Order Fulfillment
Order Management
Sales & Operations Planning
Shipping Management
Supplier Management
Transportation Management
Warehouse Management

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

Categories and Features

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

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