Transform the way you engage your vendors
Whether you're a commercial or residential builder; infrastructure, asset maintenance or EPC contractor, Felix can help.
Vendor management challenges
Construction companies are relying on increasingly complex supply chains, which puts pressure on operational teams to prequalify vendors, manage HSEQ compliance, social impacts and performance across multiple projects. Some common risks include:
- Suppliers' insurance and licenses expiring while engaged
- Operational teams circumventing procurement processes
- No central source of truth for vendor business and compliance information
- Project teams and suppliers spending time on low-value tasks
No control over the sourcing process
Geographically dispersed teams are caught up in inefficient or non-transparent sourcing processes. Meanwhile, time sensitive requirements often result in shortcuts when it comes to compliance.
- Increased project costs due to non-competitive bidding processes
- Project delays as a result of cumbersome internal approval processes
- Significant time spent evaluating quotes based on price, Indigenous/local engagement, financial stability etc.
- Centre-led procurement processes being ignored
Designed for Construction
- Vendor Information Management
- Single Source of Truth
- Established Rates
Vendor Information Management
Vendor Information Management
Increase the vendor onboarding process efficiency while improving collaboration and visibility:
- Tailored prequalification workflows based on risk profiles
- Streamline the approval process from relevant internal subject matter experts (e.g. HR, HSEQ)
- Vendors have their own account to maintain their information, saving admin time on both sides
Single Source of Truth
Single Source of Truth
Access a single source of truth for all vendor data. This allows organisations to have greater oversight of their supply chain to inform better and quicker decision making whilst driving internal collaboration.
Quickly and easily segment your supply chain via location, tag (e.g. Local and Indigenous content, Social Enterprise, Modern Slavery etc.), performance score and panel.
Established Rates
Leveraging Established Rates
Capture negotiated rates in standardised formats from the moment vendors are onboarded, giving you the best chance of realising the savings while ensuring compliance.
Your team can then leverage these negotiated rates with rapid sourcing - a feature built specifically for low value (under threshold), high frequency transactions, e.g. traffic management, labour hire, plant hire.
