Vox Supply Chain has been using procurement management software DeltaBid for about a year now, and CEO Arnold Engel couldn't be happier with the results. Vox Supply Chain manages procurement for other companies. They have a large vendor portfolio, and their procurement needs are diverse, with multiple projects daily and suppliers spread across different countries and several time zones.
DeltaBid has helped Vox Supply Chain streamline their entire procurement process. Engel explains that they spend at least 25% less time on procurement for items obtained via DeltaBid. As a result, they have been able to quickly scale their spend under management and supplier base while also delivering compelling results to their clients.
Here are a few of Engel's comments about the benefits of using DeltaBid:
Participation: Without changing our supplier pool, we have been able to increase vendor participation.
Transparency: We have been able to standardize requirements and reduce ambiguity by using simple features such as questionnaire templates and mandatory answer fields.
Ease of use: The majority of suppliers quickly adapted to the system and its intuitive interface.
Oversight: We have new metrics that we can use to improve our processes. For example, the system keeps track of how many suppliers have been contacted for each request and how many have responded.
Overall, Engel said that implementing DeltaBid has helped Vox Supply Chain cut down time spent on procurement and make their processes more efficient.