> Create clear scope & requirements

> Determine how to collect and evaluate price and non-price factors

> Create requirements document such as detailed specifications, drawings, service level agreements etc.

Benefits:

> Buyers can use the communication centre in the system to collaborate on the project requirements.

> All the related documents can be kept in one single online repository for easy reference.

> Buyers can leverage previous procurement projects database for easy and quick repeated purchases.

> Create RFQ document and publish online

> Invited suppliers receive email notifications about the RFQ

> Suppliers can log in the system anytime from any browser to view and download RFQ documents

Benefits:

> Save time and money - No need to print and mail hard copies of RFQ documents. Updates can be done online.

> Fair to suppliers - When RFQ is being posted online or being updated, all suppliers can access the same version at the same time.

> Online discussion and Q&A to clarify requirements and all suppliers get updated at the same time

> Buyers and suppliers emails stored in communication centre for easy reference

> Suppliers submit information about their performance and quality

> Suppliers submit bids online through reverse auction, sealed bid or online negotiation

> Transofrmaitonal bidding to accommodate price and non-price factors for different suppliers

> Ensure apple-to-apple comparison between suppliers

> Suppliers can see rank only, best bid only or combination of both

Benefits:

> Bidding process can happen in a short period of time, instead of weeks

> Suppliers bid in a fair environment

> Achieve 5-25% savings on procurement of products and services

> Suppliers answer online survey and buyer gives scoring

> Evaluate cost & performance data of the suppliers

> Analysis different award scenarios

> Determine total best value decision