Real Time - On line Tender Process :

 

eTender

Pre-Qualification of your suppliers by using: eRFI, eRFQ, or eRFP, helps to control submissions by providing the facility for suppliers to submit formal proposals based on specific sets of requirements.

 

The software makes it easier for buyers to compare and score proposals using a common format with the following features, functions and benefits to: 

 

Ø Obtain accurate information, using standard templates, questionnaires and scorecards for clear and consistent decision-making.

Ø Ensure compliance, date and time-stamped communication with all suppliers.

Ø Save time through online evaluation, objective supplier comparisons and automatic scoring.

Ø Ensure selection of suppliers who best meet specific requirements, thanks to weighted questions, depending on the importance of set criteria.

Ø Enable central storage of secure yet accessible data for tactical and strategic purposes, whether for day-to-day management, specific projects, forward planning or audit trails.

Ø Enable progression from eRFX on-line tender and quotations through to eAuction, leading to faster and more efficient procurement contracting.

Real Time - On-Line Bidding:

 

eAuctions

eAuctions allow buyers to invite trusted suppliers to participate and bid for business.  It’s an efficient time-saving process which can drive the competitive behaviour of suppliers.  Weighting and scoring can also be used -  where factors with one supplier can outweigh another, thereby allowing the buyer to evaluate them fairly - for example there may be a cost of change element which needs to be factored in.  This can also be known as transformational bidding.

 

Ø Reverse eAuctions are the most popular with buyers, generating a typical curve from "high" start pricing to the "low" driven by competition.  

Ø Forward eAuctions work as an opposite to Reverse auctions whereby the value of the bids placed are higher, so the curve starts from a low to a high.

Ø Dutch eAuctions are characterised by the first-come first-served principle meaning that the first supplier to submit a bid closes the auction, starting from a predefined starting price.  

Ø Japanese eAuction, contrary to a Dutch auction, from a pre-defined starting price, the auction price will at pre-defined time-steps go down in value depending on the time determined - ie 1 minute/2 minutes.  For suppliers to remain in the auction they must accept the bid value given, otherwise they face exclusion if the time allowed has lapsed.

Here are a few examples of recent events we have managed and the savings they achieved:    

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eSourcing

Sourcing made Simple..