Spend Management & Reverse Auctions
Sourcing (Procurement, Purchasing) is the strategic process of selecting a supplier and entering into an agreement to purchase materials or services.
Inputsoft Sourcing Solutions offers you easy to use, powerful web-based technology that improves efficiency in the strategic sourcing process and can lower your purchasing costs by up to 30%!
Inputsoft Sourcing Solutions support both RFQs and Reverse Auctions.
RFQs
An RFQ software is a sourcing mechanism during which suppliers make bids without knowing what is being offered by the other suppliers. Buyers can choose a winner by considering more than just price.
Inputsoft Sourcing is designed to let you manage your RFQ events effectively. You can view RFQ details at any time including: bidding history, contract details, supplier information, supplier survey answers.
Reverse Auctions
A reverse Auction is a sourcing mechanism that focuses solely on pirce. Suppliers bid against a known “best” price within a bidding timeframe. This leads to be a more openly price-oriented and shorter duration sourcing event than an RFQ.
Users can easily request items with associated vendors, account codes, departments, projects, shipping and other relevant information. The request is then routed for approval through any pre-defined approval chain, depending on the characteristics of the requisition.
Analyze and Compare Bids
Inputsoft sourcing makes it easy to analyze and compare bids. You can also view Supplier Performance ratings, and promote competition by designating a leading bid.
You can view bids side-by-side, sort and filter bids. The leading bid RFQ feature has proven to encourage very competititve re-bidding by suppliers without revealing any supplier’s bid or pricing details.
Benefits
The Benefits of Inputsoft Sourcing are well documented. They include:
- Savings for direct purchases: If a company purchases 55% of their materials at 1% reduction, it creates the same profit margin as a 12-18% rise in sales. Published estimates for web-enabled sourcing are from 3-16% reduction in costs depending on supplier baseand nature of items.
- Improve Process flow: Web-enabled sourcing speeds individual tasks (less paper chasing), reduces error rates, reduces re-work and increases collaboration among buyers.
- Reduce overall Buying-Selling Cycle Time: Cycle times are reduced by 25%. Allowing more rounds of bidding to take place in a given amount of time and faster delivery of estimates
- Create more responsive Supplier base: Suppliers which are unwilling or unable to participate in competitive bidding practices are quickly identified and replaced with suppliers who are more competitive and capable of delivering the value desired by the buyer.
- Modify Buying Activity Focus: The role of the buyer becomes less focused on organizing the buy to more value added activities such as qualifying new suppliers and negotiating strategies.
| Product Areas Top 10 2009 | Cost Savings / Starting Prices |
| 1. Packaging Materials (Cardboard, Foils, Tape, Pallets, Labels etc.) | 17.59% |
| 2. Various Groceries (oil, dressings, cereals, bread, fruit & vegetables etc – Supermarkets) | 12.71% |
| 3. Ingredients for food productions (Additives, Flour, Sugar, Vegetables etc.) | 8.56% |
| 4. Iron and Metals (Tools, Spare Parts, Cables, Screws etc.) | 27.71% |
| 5. Office Suppliers and Furniture (Paper, Prints, Toner, cables) | 19.71% |
| 6. Freight & Transportation (Sea, Land and Air) | 22.51% |
| 7. Service Agreements (Temporary labour, Cleaning , IT Services etc.) | 25.45% |
| 8. Supermarket – Non Food (Bags, Cleaning Appliances etc.) | 25.03% |
| 9. Electrical and Telecommunication Equipment | 13.76% |
| 10. IT Equipment (Stationary, Laptops, Printers etc.) | 35.37% |
| Average Savings for all Categories | 19.11% |
Inputsoft RFQ / Reverse Auction Screenshots
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