Unlocking Efficiency & Value in Rubber & Plastics Procurement with Proctek’s Digital Auction Platform.

Complex Procurement Obstacles in Manufacturing

• Cost Management Crisis: Our client struggled with price volatility in raw materials and limited visibility into market pricing, resulting in suboptimal purchasing decisions and budget overruns.
• Supplier Management Inefficiencies: Heavy reliance on established suppliers without competitive benchmarking limited negotiating power and prevented discovery of cost-effective alternatives. Manual procurement processes extended cycles to several weeks.
• Limited Market Intelligence: Traditional methods provided insufficient visibility into supplier capabilities, pricing trends, and market opportunities, hampering informed sourcing decisions for specialized rubber compounds and plastic materials.
• Supply Chain Risk Exposure: The company faced challenges with delivery reliability, quality consistency, and supplier financial stability, exposing them to supply disruptions that could impact production schedules and customer commitments.

Comprehensive Digital Procurement Transformation

• Strategic E-Negotiation Implementation: Proctek's advanced e-negotiation platform revolutionized rubber and plastics procurement through transparent, real-time competitive bidding where pre-qualified suppliers drive optimal pricing through market dynamics.
• AI-Powered Supplier Intelligence: Proprietary algorithms connecting to 27 APIs deliver comprehensive 360-degree vendor evaluation within 72 hours, assessing supplier financial stability, technical capabilities, and risk factors.
• Streamlined Procurement Workflow: Complete procurement cycle integration from vendor onboarding to contract execution, featuring automated RFQ generation, real-time quote comparisons, and detailed audit trails.
• Market-Driven Price Discovery: Competitive auction environment enables true market pricing discovery through transparent competition among multiple qualified suppliers, ensuring optimal costs while maintaining quality standards.