Case Study: a global EPC firm reduces procurement cycle time with Requis

a global engineering, construction, and procurement (EPC) firm saves 100 person-hours and cuts procurement by 5 weeks with Requis

A global engineering, construction, and procurement (EPC) firm faced the challenge of soliciting bids from three suppliers for a master rental agreement covering 2,828 line items of small tools and equipment. They needed to complete this complex process, which involved two different price rates, within a very short timeframe. To address this, they used the Requis platform to streamline their RFQ process.

Using Requis, the firm normalized its baseline pricing sheet and required suppliers to bid against it, which streamlined evaluations. The platform's bid evaluation feature enabled instant, high-level line-by-line comparisons. This solution led to a five-week reduction in their procurement cycle and saved over 100 person-hours. The resulting master services agreement delivered ongoing cost savings and provided significant pricing predictability, giving the firm a competitive advantage for securing new lump sum projects.