Realize sustainable incremental annual savings of 7-12% on categories repeatedly sourced year after year
Bring a larger percentage of spend under management for greater savings
Reduce sourcing cycle time
Progress from traditional buy/sell transactions to reciprocal collaborative relationships with your suppliers by stepping away from a singular focus on price in your online negotiations
Lower total cost of ownership, improve product quality, and accelerate time-to-market via supplier collaboration
Increase price transparency across your supply base to heighten competition
Supplier Performance Management Visibility
Drive competition for best value through optimized auctions
Expanded Multi Round Negotiations
Flexible Awarding and optimization of residual awards
Roll-up Reporting
Global commerce and program capabilities |
Automate the entire sourcing process whether for a single RFx, reverse auction, or a complex multi-stage negotiation
Easily build multi-line proposals and quotes with flexible forms, templates, wizards, and consistent workflows to establish repeatable best practices
Collect qualitative and quantitative supplier bid data, such as specification, warranty, delivery date tolerances, and financing preferences
Calculate total cost formulas and auto-score responses
Give suppliers the flexibility to discount bids with flexible pricing schedules
Easily monitor time-sensitive auction information including bid rank, bid history, current winning bid, next allowable bid, time remaining, and relevant messages within reverse auction dashboard
View supplier scorecards to easily factor supplier performance into purchase decisions
Model real world business constraints to achieve actionable and implementable results
Exercise greater control of supplier selection during events
Exercise flexibility in awarding to override pricing or re-run scenarios at later date to support changes in market conditions / supplier performance
Leverage top line reporting for program and savings tracking to gain visibility and obtain executive buy-in
Remain globally competitive with multi-currency bidding in auctions, simultaneous bidding in all currencies and real-time currency conversion |