Product Profile of Reverse Auction Procurement Management Software
Reverse Auction Procurement Management Software is used for maintaining Vendors Registration & Management, empanelling them for categories and conducting Bidding for procurements. Krish Compusoft Services Pvt. Ltd offers Reverse Auction Procurement Management Software. Krish Compusoft Services Pvt. Ltd is the supplier of industrial and business software products for Application Development Services, Consulting, Training and Technical Support. The Reverse Auction Procurement Management Software, available under the brand name "BIDTECH" skilfully unifies disconnected, disparate Systems and data sources with flexible platform.
Key Features of Reverse Auction Procurement Management Software
- Increases savings by reducing process costs and purchase prices for goods and services.
- Accelerates and automates procurement process compliance across the enterprise.
- Maximizes Contract Savings Realization.
- Deepens & Enriches Supplier relationships.
- Evaluates Suppliers & improves both the procurement process and data visibility.
- Generation of purchase requisition
- Generation of RFQs
- Automated intimation to vendor through SMS and E-mail
- Submission of online re-bidding by vendors
- Automated bib analysis and categorization
- Bidding or re-bidding by vendors
- Decision support system for allocation of bids
