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Raw materials bought and paid for on what is delivered.

RMIQ plans, sources and settles raw materials, coal included. Bids are compared on quality-adjusted landed cost, and each delivery is settled against its lab results.

RMIQ's AI procurement intelligence panel on a coal comparative statement, showing the index reference, the lowest bid's deviation from the index, the market signal, deviation from budget and from the last purchase price, and a recommendation
How it runs

From stock cover to quality settlement.

  1. 01
    Plan

    Stock cover, reorder alerts and forward-buying recommendations tied to index trends.

  2. 02
    Source

    Procurement events by commodity. Coal is priced per unit of energy, in ₹/MMKcal.

  3. 03
    Compare

    Landed cost, deviation against the index and AI procurement insights.

  4. 04
    Award

    Rank auction, negotiation, award approval and purchase order.

  5. 05
    Settle

    Lab results set against delivered goods, with deductions and disputes.

Compare

Coal compared on energy, not on tonnes.

A cheaper tonne of coal is not a saving if it carries less heat. RMIQ ranks bids on cost per unit of energy and shows how far the lowest bid sits from the market index.

  • Bids ranked in ₹/MMKcal, with landed cost on a dry basis
  • Deviation against the index, the budget and the last purchase price
  • An AI recommendation on whether to award or negotiate
An RMIQ comparison table for thermal coal, listing each supplier's source, quantity, moisture, calorific value, basic price, taxes, landed cost on a dry basis and net calorific value, ranked L1 to L3 against the market index
Settle

Each delivery settled against its lab result.

When a goods receipt posts against a raw material order, the delivery appears for audit without anyone creating it by hand. Lab results are set against the quality norms in the purchase order.

  • Norms and penalty clauses taken from the S/4HANA purchase order
  • A supplier quality scorecard with shortfall, deductions and disputes
  • Deductions flow through to PaySmart AP
The RMIQ quality settlement screen for coal and raw materials, with a supplier quality scorecard above a list of deliveries awaiting lab results, each with its purchase order norms and status
Commodity verticals

Set up for your industry's materials.

RMIQ comes with four commodity verticals and lets you add your own. The blend optimizer splits coal orders across suppliers within quality and share limits.

Steel and metals
Paper and board
Pharmaceutical
Cement
Everything in RMIQ

The full list.

Commodity verticals
Steel and metals, paper, pharma and cement, and any industry you add.
Pipeline dashboard
Action-required alerts and turnaround time by stage.
Planning desk
Stock cover, reorder alerts and forward-buying recommendations.
Coal events
Priced per GCV in ₹/MMKcal, with deviation against the index.
Bid comparison
Landed cost and AI procurement insights.
Blend optimizer
Splits coal orders across suppliers within quality and share limits.
Auction to order
Rank auction, negotiation, award approval and purchase order.
Quality settlement
Lab results against delivered goods, deductions and disputes.
Market intelligence
Live commodity index prices.
Supporting records
BOM manager, compliance certificates and configuration templates.
Watch it in action

A walkthrough of RMIQ.

A thermal coal purchase followed from plan to quality settlement.

3 min 13 s  ·  No sound

Part of TaskWalk

RMIQ shares its data with the other modules.

SourceIQ Intelligent procurement, from requisition to award. PaySmart AP Procure to pay. Quality deductions flow into payables. FreightIQ Freight and logistics control tower. AuditIQ Forensic audit, scanning raw material buying live.
See it running

Ask for a demo and we will walk you through a coal event in RMIQ, from bids to quality settlement.

Request a demo