Conduct Negotiated eCommerce

Best Value Reverse Auction or Negotiated eCommerce

> Enables the buying organization or its agents to electronically tender the buyer’s eRFX for private bidding in a "Value-Indexed" reverse auction engine. Of the pre-qualified vendors/suppliers, only those that are specifically invited are given access to the bidding event

The auction engine automatically combines the non-price value ranking (see RFP evaluation Process) with the total cost of ownership bid to generate a rank-order composite Value Index for each vendor/supplier. The buyer or its agents can then select the best value vendor/supplier based on the composite of the non-price (qualitative) ranking and the total cost of ownership (quantitative) ranking.

This functionality allows the buyer to select the vendor/supplier based on overall BEST VALUE ranking.

Multi Variable Auctioning Capability

Private eCommerce Natural Negotiation – Best value Dynamic On-Line Negotiation – Reverse auctions Multi Variable selection criteria & Indexing Bid Optimization Via Value Index Apples-to-Apples Real-time email communication & alerts Award based on Best Value Procure-for-Deliverability Collaboration/Join Process Optimization Win/Loss analysis