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Features
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Benefits
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Bid monitoring and outreach services:
- Manually monitor bids
- Manually solicit bids whenever it is necessary
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- Ensure adequate bid responses
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Extensive
esourcing resources
for sourcing research:
- Over 6 millions government contract items with pricing
- Over 250,000 suppliers classified into 7,200 categories
- Over 22,000 bid documents
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- Efficient market price benchmarking
- Less time spent in finding relevant suppliers
- Reduced bid document drafting efforts
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Automate RFQ, RFP, RFI and Reverse
Auction:
- Select between private supplier database and SourcingHub extended supplier
database
- Alert matched suppliers via emails for available bid opportunities
via emails
- Verify suppliers receive bids
- Download bid specifications by suppliers
- Bid online against RFQ and Reverse Auction by suppliers
- Tabulate and rank bids
- Award bids online by buyers
- Approve award by following customized purchasing approval rules
- Notify award(s) to winning bidder(s)
- Track bid status
- Receive goods
- View audit trails from posting to awarding
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- Dramatically reduce quotation cycle time from weeks/ days to hours
- Lower costs of goods and services by 14% - 40%
- Facilitate organizational purchase policy compliance
- Incorporate “paperless” processes
- Build supplier relationships by lowering interaction costs
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Manage
suppliers:
- Buyers manage private supplier database
- Supplier performance ratings by peers
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- Access comprehensive and accurate supplier profiles
- Efficiently monitor supplier quality and performance
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Manage buyers and purchasing
policy:
- Manage unlimited levels of departments and departmental users
- Manage purchasing approval rules at departmental and organizational
level
- Manage multiple shipping and billing addresses
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- Centralize purchasing control for decentralized purchases
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Supplier
self-management:
- Manage sales reps for different territories
- Manage company profiles including federal information and offerings
of goods and services
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- Ensure comprehensive and accurate supplier profiles
- Bid history available online
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Quick deployment and standalone services:
- Standalone system, no integration involved
- One day deployment
- No software downloaded, only a browser needed
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- Immediate ROI with nearly zero upfront investment and minimum
risks
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