Cloud Sourcing Solution
Tendersure™ automates competitive supplier sourcing and identification process activities like prequalification of suppliers, request for quotations, tenders, eAuctions and Expressions of Interest (EOI) among others. Bidders/suppliers are required to submit all their information online against a customized set of evaluation criteria. Tendersure™ automates the evaluation, scoring and ranking of these submissions and issues results through system-generated reports. Tendersure has a direct integration to eProcure.More About Tendersure
Tendersure™ enables the process of automated pre-screening of suppliers against a customized set of evaluation criteria. This ensures that suppliers have the baseline capacity and capability to provide the goods, services or works. The supplier’s capability can be determined by evaluating the capacity, financial stability, quality standards, performance, organisational processes and risk among others.
After prequalified suppliers have successfully passed the Quality Assurance, then they are then requested to submit their prices online through the Tendersure™ portal. This is a significant and important part of the process as this is where significant savings are achieved. Tendersure™ has been able to achieve savings of between 10% and 40% depending on the category involved.
A Reverse Auction is where we seek to generate more discounts by subjecting suppliers to a reverse auction. The suppliers bid against each other in a live online auction to decrease their prices. An eAuction will help you save more money by strengthening your negotiation position and increasing competition between suppliers. As a result, an eAuction can produce 10-15% more savings over and above the RFQ or tender.
Tendersure™ asset disposal enables organizations to sell unwanted assets in a transparent and efficient manner. Reserve prices, item images and specifications, minimum bid increment etc. can be configured.
Tendersure™ enables asset disposal via Forward Auctions where sellers sell their items to many potential buyers. Bidding starts with a low price, and is raised as higher bids are solicited until either the auction is closed or no higher bids are received.
Tendersure™ risk management enables organizations to identify, assess and mitigate the risk of supply chain disruption that can be caused by the actions of a supplier. This enables Buyers to make more informed, smarter decisions by making risk due diligence a natural part of the procurement process.