What is ProQsmart?

ProQsmart is an AI-powered comprehensive procurement platform that provides manufacturing companies with a seamless procurement experience. It simplifies and streamlines the entire procurement process, saving time, reducing costs, and improving collaboration.

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Key Features of ProQsmart

Here are the powerful features that make ProQsmart stand out from the competition. Packed with innovative tools and advanced functionalities, this software offers a range of benefits.

  • Supplier and Purchase Order Management
  • Vendor Management
  • Order Tracking
  • File Sharing
  • Supplier Management
  • Dashboard
  • Procurement Management
  • Auction Management
  • Sourcing Management
  • Bid Management
  • Progress Tracking
  • 3PL
  • Order Entry
  • Bidder Management
  • Supplier Master Data
  • Vendor Performance Rating
  • Vendor Qualification Tracking
  • Rfx Management
  • Supplier Qualification
  • Supplier Web Portal
  • Online Auction
  • Online Bidding
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ProQsmart Specifications

Get a closer look at the technical specifications and system requirements for ProQsmart. Find out if it's compatible with your operating system and other software.

Deployment :
Cloud Based
Subscription Plan :
Yearly
Accessibility :
API
Customization
Mobile Support
Desktop Platforms :
Web app
Language Support :
English
Business :
StartUps
SMBs
Enterprises
Available Support :
Email
Phone
Live Support
Training
Tickets
Integrations :
  • Tally
  • SAP
  • ERP
Company Details :
Company Name : Vendosmart Technologies Private Limited
Headquarter :
Website : Visit Website
Full Address : #353, 7Th Main, Iti Layout Malathahalli Bangalore Bangalore Karnataka - 560056 India

ProQsmart Description

Here's the comprehensive description of ProQsmart. Gain a brief understanding of its unique features and exceptional benefits.

Proqsmart is an all-in-one procurement solution that offers a range of features to streamline your procurement processes. Our platform is designed to help you manage your vendors, streamline your workflows, and save you both time and money. Some of our key features include:

  • AI-based vendor matching: Our platform uses advanced AI algorithms to match your procurement requirements with the most suitable vendors.
  • Vendor profiling: Our platform enables you to profile and evaluate vendors based on their performance and other key metrics.
  • Vendor scoring: Our platform provides a vendor scoring system that helps you make data-driven decisions when selecting vendors.
  • RFQ management: Our platform enables you to easily manage your RFQ process, from initial request to final approval.
  • Reverse and live bidding: Our platform allows you to initiate reverse and live bidding to get the best possible prices from your vendors.
  • Order management: Our platform provides a centralized order management system that streamlines your procurement process.
  • Case management: Our platform enables you to easily manage and track your procurement cases.
  • Team collaboration: Our platform facilitates collaboration and communication among team members to ensure smooth procurement processes.

In today’s fast-paced world, businesses are looking for ways to streamline their processes and reduce overheads while maintaining quality and control over their products. One area that has been particularly challenging to manage is the procurement process– especially when it involves converting CAD data into physical products & sourcing diverse categories for products in a manufacturing company.

This is where ProQSmart comes in– an AI-powered sourcing software solution that helps manufacturers effortlessly turn their CAD data into physical products, while simultaneously reducing costs and ensuring consistent quality as well as on-time delivery.

ProQSmart

In this software review, we will delve into the following topics:

  • Introduction to the ProQSmart Sourcing Platform
  • Key Features of the ProQSmart Sourcing Platform
  • How Does ProQSmart Help Businesses?
  • Our Final Verdict

ProQSmart– An Overview

ProQSmart is a cloud-based platform that assists businesses in managing their procurement process efficiently– from start to finish. It offers an end-to-end solution that facilitates everything from creating RFQs to selecting vendors and tracking orders.

Moreover, the platform is equipped with a wide range of AI-assisted features and has a user-friendly and easy-to-navigate UI, which further enhances the ease and efficiency of the sourcing process.

Dashboard

More importantly, the tool is meticulously designed, keeping in mind each of the requirements of both small and large manufacturers, and buyers. It encompasses all the necessary modules, features, and functionalities required to satisfy the unique business needs of organizations of all scales and sizes.

Eventually, all of these functions and features combined make ProQSmart a comprehensive sourcing platform that helps manufacturers reduce overheads and ensure consistent quality and predictable delivery, while also enhancing visibility and control.

To summarize, ProQSmart is an ideal procurement software that can help manufacturers convert their CAD data into physical products, streamline their sourcing process, and reduce the risks of delays, errors, and quality issues.

Key Features of ProQSmart

As mentioned above, the ProQSmart sourcing solution is equipped with various innovative AI-assisted features designed to simplify the procurement process for buyers and vendors.

Here are some of the most striking features of ProQSmart that caught our attention or are giving the solution an edge over its competitors.

1. Requisition Workflow and Approval Process

The first key feature of ProQSmart is its polished requisition workflow and approval process, which guarantees a smooth and efficient order placement. This feature begins by allowing team members or managers to request the necessary items/materials for their department or team. This request can be done by manually adding the items or by importing them from the BOM library.

BOM Library

After the request has been made, it is then forwarded to an authorized person or higher authority who reviews it and either approves or declines it based on preset criteria. If the request is approved, an RFQ is then created. This streamlined process ensures that orders are placed accurately and efficiently, thus reducing any potential delays or errors.

2. AI-Powered Vendor Profiling & Matching

The next key feature of ProQSmart is its comprehensive vendor profiling, which provides buyers with a detailed overview of each vendor, including their capabilities, certifications, and track record. To access this feature, all you have to do is enter the vendor’s GST number, along with basic details like their company name and email address. 

Vendors Marketplace

Once this information is submitted, the AI-powered system creates a comprehensive profile of the vendor by sourcing publicly available information from the internet, as well as the information available with VendorSmart.

In addition, the system analyzes the vendor’s track record and assigns a score based on factors such as quality, delivery, and responsiveness. With this valuable information at your fingertips, you can easily identify and select the best suppliers for your specific sourcing needs, reducing the risk of quality issues and ensuring a smoother procurement process overall.

3. Efficient Order Management

The third notable feature of ProQSmart is its efficient order management system. Once an RFQ is created, this centralized platform allows businesses to seamlessly manage and monitor their request for quote, and get the best deals from their suppliers. On the other hand, the software’s AI-powered vendor recommendation engine analyzes supplier data to match buyers with the most suitable suppliers based on their specific sourcing requirements, saving time and effort for buyers.

RFQ List

Furthermore, the software allows manufacturers to send RFQs to multiple vendors at once, saving valuable time and resources. It also enables them to close partial orders. For instance, if a buyer has requested quotes for 3 items and received quotes from 5 vendors, including 3 vendors offering the lowest price for each item, they can easily place three different orders with each of these vendors with just a click. 

This feature eventually streamlines the procurement process and ensures a smooth and hassle-free experience for buyers.

4. Live Bidding

The fourth key feature of ProQSmart is its Live Bidding, also known as reverse bidding. Once buyers receive quotes from different vendors, the AI-powered system analyzes the bid amount and delivery time to pick out the four best quotes. These quotes are then displayed in a bar chart as well as in the bid leaderboard, with the best bid labeled as L1 and the others ranked as L2, L3, and L4.

Quotes Compare

Buyers can schedule a Live Bidding session with these top 4 vendors, during which they– the vendors, can view the quotes of their competitors (without the competitors’ names) and revise their bids accordingly to get into the green zone– L1. This feature significantly helps buyers secure the best deal possible, ultimately contributing to their revenue.

To put it briefly, ProQSmart’s Live Bidding feature is an efficient way to ensure that buyers get the most competitive prices from their suppliers. It also simplifies the sourcing process and helps businesses make informed decisions that align with their budget and goals.

5. Real-time Order Tracking

ProQSmart’s innovative graphical bar on the dashboard takes the guesswork out of order tracking, allowing vendors and buyers to closely monitor order progress and communicate in real-time to ensure the timely delivery of high-quality products. 

Order Tracking

The graphical bar provides real-time updates on the status of each RFQ and order, including “released,” “work in progress,” “dispatched,” “canceled,” and more, making it easy for manufacturers and vendors to track each order and avoid delays. 

To sum up, ProQSmart’s order tracking feature, combined with its intuitive interface and graphical bar, streamlines the order tracking process, enhances operational efficiency, and ensures on-time delivery of quality products.

6. AI-powered Communication & Order Updates

The sixth distinguished feature of ProQSmart is its AI-powered vendor communication. The system can communicate with vendors on behalf of buyers to get regular updates on product status. The tool remains in constant contact with vendors by sending them messages in a human-like tone, creating a personalized communication experience that fosters a strong relationship between buyers and suppliers. This not only saves buyers time but also guarantees on-time product delivery, ensuring a seamless sourcing process– from beginning to end.

In addition, ProQSmart’s login-less order updates facility is designed to reduce the risk of delays in the sourcing process. This feature allows users to receive instant notifications and updates via email and SMS without the need to log in to the ProQSmart system, ensuring that manufacturers are always informed about the status of their orders.

Notifcation

To recapitulate, ProQSmart’s vendor communication and order update feature streamlines the procurement process and ensures that buyers and suppliers are always on the same page. Also, by reducing the risk of delays and miscommunications, ProQSmart helps businesses operate more efficiently and achieve their procurement goals.

In addition to these 6 salient features, ProQSmart also includes a host of other functionalities, including easy integration, easy BOM library import, and a seamless onboarding process. All these combined make ProQSmart an all-encompassing sourcing solution for manufacturers of all scales and sizes.

How Does ProQSmart Help Businesses?

As we can see, ProQSmart offers everything that businesses need to manage their procurement process as well as convert their CAD data into physical products without any hassle. Here’s how ProQSmart can help manufacturers:

  1. Streamlines sourcing processes, reducing overheads and providing manufacturers with the best deal for their money.
  2. Ensures consistent quality of products, reducing the risk of costly rework and product recalls.
  3. Facilitates the predictable delivery of products, providing manufacturers with real-time updates and login-less order updates.
  4. Provides manufacturers complete visibility and control over their procurement processes, connecting them with the right suppliers.
  5. Makes it easy for stakeholders to collaborate on sourcing processes, improving communication and avoiding delays.
  6. Converts CAD data to physical products without losing quality or data, increasing customer satisfaction.

To wrap up, ProQSmart is a powerful platform that enables businesses to streamline sourcing processes, reduce costs, and improve product quality. Additionally, its AI-powered vendor recommendation engine and detailed vendor profiling provide complete visibility and control, ensuring informed decisions and timely delivery of high-quality products.

Our Final Verdict

Based on our experience with ProQSmart and the information discussed above, we can confidently say that it is the ultimate solution for manufacturers looking to streamline their sourcing processes, reduce costs, and improve the quality of their products.

With features such as AI-powered vendor matching, comprehensive vendor profiling, and real-time price discovery, this software helps manufacturers save time and effort in sourcing new vendors while ensuring that they are connected with reliable suppliers that meet their specific sourcing requirements.

Moreover, the streamlined requisition workflow, efficient RFQ management system, and login-less order updates work together to help businesses manage their procurement processes efficiently, thereby reducing the risk of delays, errors, and quality issues.

In conclusion, we strongly recommend that manufacturers looking to streamline their sourcing processes or convert CAD-to-products give ProQSmart a try.

Overall ProQsmart Reviews

Thinking about using ProQsmart? Check out verified user reviews & ratings based on ProQsmart's features, user-friendliness, customer support, and other factors that contribute to its overall appeal.

5/5

Based on 1 Review

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Feature Feature 3

Feature

Out of 5

Ease of use Ease of use 4

Ease of use

Out of 5

Value for money Value for money 4

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

Likelihood to recommend Likelihood to recommend 90%

Likelihood to recommend

Out of 100%

ProQsmart Pros and Cons

"One of the standout features of ProQsmart that I found particularly useful is the ability to upload inspection images and inspection reports. This feature has helped us maintain the delivery quality of the items we order by allowing us to visually confirm that the products we receive meet our standards."

"Vendosmart could further enhance its platform based on customer feedback or market trends. It's always a good idea to stay in touch with the vendor and provide feedback to help improve the platform."

1 ProQsmart Reviews

Hear directly from customers who have used ProQsmart. Read their experiences, feedback, and ratings to gain valuable insights into how this software has benefited their businesses.

NirmalT.

Manager Robotics

Used the software for : Free trial (Weekly)

Company Size :1-10 employees

5.0

Mar 20, 2023

ProQsmart: Excellent tool for Procurement and Monitoring

I have had the chance to use Vendosmart ProQsmart software, which has been a valuable tool. The platform has helped us manage our manufacturing processes more efficiently and effectively. One of the standout features of ProQsmart that I found particularly useful is the ability to upload inspection images and inspection reports. This feature has helped us maintain the delivery quality of the items we order by allowing us to confirm that the products we receive meet our standards visually. I highly recommend it to any manufacturing company looking to streamline its procurement and manufacturing processes. Its usability is excellent, and its features have helped us save time and reduce costs while making better-informed decisions.

Feature Feature 3

Feature

Out of 5

Ease of use Ease of use 4

Ease of use

Out of 5

Value for money Value for money 4

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

ProQsmart After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about ProQsmart?

One of the standout features of ProQsmart that I found particularly useful is the ability to upload inspection images and inspection reports. This feature has helped us maintain the delivery quality of the items we order by allowing us to visually confirm that the products we receive meet our standards.

What do you dislike about ProQsmart?

Vendosmart could further enhance its platform based on customer feedback or market trends. It's always a good idea to stay in touch with the vendor and provide feedback to help improve the platform.

What features is ProQsmart currently missing?

Nothing

What other products like ProQsmart have you used or evaluated?

No idea

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ProQsmart FAQs

What apps do ProQsmart integrate with?

ProQsmart integrates with various apps:

  • Tally
  • SAP
  • ERP

What are the top 5 features for ProQsmart?

The top 5 features for ProQsmart are:

  • Supplier and Purchase Order Management
  • Vendor Management
  • Order Tracking
  • File Sharing
  • Supplier Management

What type of customer support is available from ProQsmart?

The available support which ProQsmart provides is:

  • Phone
  • Email
  • Live support
  • Tickets
  • Training
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