Procurement professionals are essentially automating and streamlining processes by digitalizing sourcing. Speed up cycle time, and increase the percentage of spend under management. For example:
- Click on a category to view all registered suppliers in that category will appear.
- The software will collate and analyze supplier responses providing buyers one comprehensive report with all qualitative and quantitative data for analysis.
- Push RFx data through to another round of bidding or to an e-auction.
eAuctions have been proven time and again to increase savings and significantly reduce negotiation time. The average e-auction lasts less than one hour without compromising quality. Supplier on-boarding and approval processes are streamlined as suppliers independently register by responding to questionnaires and uploading documents for approval.