Organizations relying on email and spreadsheets as sourcing tools pay the price in terms of wasted staff time, limited supplier competition, and longer procurement cycles. eBid eXchange shortens the time from bid to award and ensures more informed, error-free award decisions.
By leveraging the efficiencies in eBid eXchange, you can promote competition in the interest of achieving price and quality objectives by easily including more qualified suppliers in each sourcing event.
eBid eXchange has robust bidders list and document management features that support efficient distribution of large bid document collections.
Documents, requests for information, bid responses, messages, and other important transaction data are conveniently available in a central, access-controlled system to ensure that both internal and external users rely on the same information.
All of the stakeholders in important procurement decisions can collaborate online in evaluating and scoring supplier responses during a sourcing event.
You can create templates for your RFI, RFP, or RFQ to ensure that sourcing events conform to standard terms, conditions, and business rules. Transaction logs provide an audit trail for all communications, document views, and modifications to system records.
Using eBid exchange, you take advantage of online bid forms that enforce data validation rules and automatically perform calulations, taking the place of spreadsheets and eliminating the inevitable math errors that result in the need to re-bid.