eRFX
Global eProcure’s on-demand eRFX module uses a collaborative approach to simplify and automate the process of creating an RFP by multiple team members, publishing RFP to suppliers, collecting, evaluating and scoring supplier responses and making supplier selection decisions. Our tool also provides a central repository of all RFPs for future reference.
eAuctions
Global eProcure’s on-demand eAuction facilitates online supply negotiations at significantly reduced costs and increased transparency. Our tool also helps our clients significantly reduce negotiation cycle time. It also increases a clients ability to evaluate and negotiate with numerous suppliers without incurring additional costs.
eRFX and eAuctions Challenges
Labor-intensive, paper-based procurement processes
Lack of version control and difficulty maintaining paper trail with suppliers
Difficulty comparing supplier responses submitted in different formats
Rising costs associated with preparing and managing paper documents
Getting the best product at the lowest possible price from a limited supplier base
Shortage of resources to identify new domestic and global suppliers
Global eProcure's eRFX Solution
The eRFX tool simplifies the process of creating bid documents by multiple team members
Publishes RFX to suppliers and allows management review, edit, and approvals including online Q&A using discussion
forums
Collects supplier responses in standardized formats
Scores supplier responses and allows for distributed team evaluation (multiple independent evaluations of RFPs)
Provide executive reports with overall supplier ranking and price proposals
Our streamlined process significantly increases team productivity. Version control is no longer an issue due to the eRFx document tracking system. Proposal managers can effectively monitor team progress to ensure that timelines are met.
To facilitate supplier selection decisions, the eRFX solution standardizes the structure and format of all of the vendor responses compiling them in easy-to-read executive reports. Additionally, the tool manages and tracks communication with suppliers making the entire bid process seamless from the earliest stages until all bids have been evaluated. Once the bid process is complete, eRFX keeps a central repository of all bid documents for future reference so documents only need to be created once.
Global eProcure’s eAuction Solution
The on-demand eAuction module offers multiple industry standard bidding models. It also allows buyers to conduct real-time negotiations with suppliers; control the level of pricing transparency in the auction; and conduct total cost analysis based on switching costs, quality, capacity and service level considerations.
The eAuctions solution provides bottom-line cost savings ranging from 5 to 40% and it reduces sourcing cycle time while providing the ability to evaluate and negotiate with numerous suppliers without incurring additional costs. The module has built-in sourcing templates allowing users to benefit from the standardization of best sourcing practices across an entire organization. For suppliers, the eAuction solution provides increased access to business opportunities and helps reduce their cost of sales.
For more information, please email us at info@globaleprocure.com or request our services here
