The DeepStream Blog

When sourcing is done right - you wind up with high-quality products or services at a reasonable cost while establishing positive, long-lasting relationships with your ideal suppliers. When done wrong - you could end up with low-grade products at a sky-high cost, driving your prices up as a result.

RFx processes are a particularly cumbersome aspect of procurement when done manually - especially when you’re dealing with a tight deadline. If your RFI management approach involves sending emails and managing supplier spreadsheets, you can likely attest to that. There’s nothing worse than trying to keep track of hundreds of suppliers that are all on different email threads. ‍

To make it even easier to understand how DeepStream can make running your RFx processes as painless as possible, we have mapped out where we fit in your procurement processes against the globally recognised and trusted CIPS Procurement Cycle.

Creating Requests for Proposals (RFPs) can be a laborious part of the procurement process. When you need to administer complex projects with tight deadlines, there’s no time to waste. That’s when RFP automation saves the day.

When it’s time to issue a Request for Quote (or RFQ), it’s a sign that things are getting serious, as you narrow down potential suppliers to fulfill your procurement needs. There’s money and sensitive data involved, and it can get convoluted fast. Find out how automation can revolutionize your RFQs and business processes, helping you keep up to speed.