Key Features
If we could show you how to save 10-15% on the goods and services you buy, and reduce the time you spend soliciting bids and negotiating with suppliers by 50%, wouldn’t you want to know more?
Our customers use our self-service e-Auction tool to do this every day. The self-service tool is:
- Easy to use
- Delivered as an on-demand, web application
- Branded to your company’s e-Auction tool
- Licensed by the month, year, or single event
Some of the key features of the tool:
Bid Preparation and Design
- Bid templates that can be saved, copied and reused
- Create online auction, or Request for Quote/Proposal (RFx)
- Support of multi- or single-position bids
- Bids can be scheduled in the future, and allow pre-bids
- Suppliers can bid both price and non-price items (payment terms, lead times, size/color)
- Supports downloading of drawings, specifications, or other documents
- Visibility settings to suppliers include best bid, rank only, winning/not winning, or blind
- Support of unit prices, discounts, and more complex formulas
Event Execution
- Schedule events in advance, with custom start times and duration
- Ability to extend deadlines, based on activity
- Monitor supplier participation
- Provide feedback based on price, or other criteria
- Set maximum bid limits (ceiling) by item or total bid
- Set minimum bid decrement by item or total
- Allow for single bid, or ability to improve bid after feedback
Supplier Management
- Store all supplier information online, by company, then user
- Create supplier groups for easy selection
- Search for supplier by name, company or group
- Allow suppliers to provide additional information (emails, alternate numbers, payment details)
Post Event Analysis
- Ability to download all event activity Excel
- Ability to award single line item or partial quantities to different suppliers
- Reports on bid activity, overall savings relative to reference price
- Individual supplier bid reports
Supplier Interface
- Login from any web browser, with user name and password
- Ability to view/bid in multiple events
- Ability to see both active, upcoming, and closed events
- View all bid details online
