Famous Chemical and Foods company digitalizes its entire procurement process with GoComet’s RFQ module.

With exports directed to even interior parts of Asia, America, and Europe, they were looking for an alternative to optimize their existing freight management process especially rate procurement. GoComet’s RFQ module has helped this Chemical and Foods company to address the following problems: Cumbersome manual process: A single user was taking quotes from 30 vendors through emails and calls. Effective Negotiation: Comparison and Negotiation became tedious resulting in a decrease in the efficiency of the negotiation process. Lack Of Vendors: Rarely added new vendors to their existing pool because their team never really was able to develop good relationships with them in the first place. Audit trail for procurement: The audit also consumed a lot of time and many queries were needed to be answered as the process and data keeping were completely manual. Visibility over total Cost: The net landed cost was always greater than the initially confirmed costs by vendors. Reporting: A single automated dashboard to track all the metrics was missing. Due to this agile decision making was a distant reality.

Founded in 1939, this Mumbai-based Chemical and Foods company has over the years established itself as a national and global leader in oleochemicals and personal care product segments. They have around 16 operating centers spread across 4 continents, Asia, North America, Europe, and Africa. The flexibility they offer in terms of products and packaging options, and the quality and the type of service make them a partner of choice to some of the world’s leading organizations including MNC’s, private labels, and hotels across the world. From personal and home care products, pharmaceutical preparations, textiles, lubricants, and polymers to diverse industries such as automotive, oil exploration, and aviation, they proudly cater to over 1000 satisfied customers across the globe.