- Platform
- Services
- Industries
- Company
- Resources
- Pricing
A global market leader in subsea systems wanted to modernize its procurement and sourcing operations across global logistics. This subsea technology and engineering company, known for advanced offshore solutions and operations in over 30 countries, faced slow and inconsistent processes in gathering bids for air, ocean, and land freight. Procure Suite helped it by replacing manual email-driven workflows with automated, digital e-RFI, e-RFQ, and e-Auction processes.
Digitized sourcing workflows enabled quicker bid collection and decision-making.
User-friendly interfaces and engagement tools increased supplier participation.
Increased competition through e-auctions draws strong price discovery.
Centralized digital onboarding expanded the supplier base for quicker processing.
Digitized sourcing workflows enabled quicker bid collection and decision-making.
User-friendly interfaces and engagement tools increased supplier participation.
Increased competition through e-auctions draws strong price discovery.
Centralized digital onboarding expanded the supplier base for quicker processing.
The client is a global market leader in subsea systems, providing advanced engineering and technology solutions for offshore O&G extraction, renewable energy installations, and deep-sea exploration.
The subsea leader aimed to modernize its procurement and sourcing operations by accelerating the bid collection process. It also wanted to improve transparency across global categories (air, ocean, and land). Other objectives were to enable stronger supplier competition, streamline decision-making, and maintain compliance.
The company faced several core issues due to its legacy, manual sourcing processes.
The client is a global market leader in subsea systems, providing advanced engineering and technology solutions for offshore O&G extraction, renewable energy installations, and deep-sea exploration.
The subsea leader aimed to modernize its procurement and sourcing operations by accelerating the bid collection process. It also wanted to improve transparency across global categories (air, ocean, and land). Other objectives were to enable stronger supplier competition, streamline decision-making, and maintain compliance.
The company faced several core issues due to its legacy, manual sourcing processes.
Manual RFIs/RFQs and email-based communication created delays.
Lack of structured workflows and pricing visibility reduced transparency.
Supplier engagement was less due to the lack of user-friendly tools.
The subsea systems leader implemented Procure Suite’s e-RFI, e-RFQ, and e-Auction capabilities to digitize and automate its sourcing processes. Procure Suite provided the company with a centralized platform to manage events with standardized workflows, built-in competitive tools, and supplier engagement features.
As a reliable and feature-rich platform, Procure Suite offered an integrated platform for RFI/RFQ along with supplier management tools.
Replaced manual emails with digital sourcing
Enabled supplier participation in bidding events
Offered automated invitations/communication tools for suppliers.
Reduced overall procurement cycle time by 35 percent
Increased competition and drove 12 percent average savings
Increased supplier response rates by 20 percent.
Replaced manual emails with digital sourcing
Reduced overall procurement cycle time by 35 percent
Enabled supplier participation in bidding events
Increased competition and drove 12 percent average savings
Offered automated invitations/communication tools for suppliers.
Increased supplier response rates by 20 percent.
The adoption of the Procure Suite drove digital transformation in how the subsea leader executed and managed sourcing events:
This case study shows the impact of Procure Suite’s RFI/RFQ and supplier management tools on the sourcing process of the global subsea systems leader. Automated sourcing workflows and structured competitive bidding resulted in
Quicker and more standardized sourcing cycles reduced administrative delays.
More pricing transparency and competitive e-Auctions delivered more savings.
