OUR E-SOURCING SOLUTION
Regardless of the type or frequency of your RFPs, the goal of successful procurement is to minimize expenses while maximizing quality and terms of the transaction. How you design and administer your RFPs can have a big impact on the results. FlexRFP™ allows you to streamline the process of setting up and delivering RFP’s, increasing throughput.
If lowering expenses is an important sourcing objective, a Reverse
Auction may be the solution. Also known as a procurement auction or sourcing event, a reverse auction requires vendors to compete on price to fulfill your product and service needs.
A Soft Auction is a similar bidding process that incorporates offering feedback to suppliers and conducting a secondary round of bids.
FlexRFP™ offers a unique set of tools to facilitate both of these options.