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Conduct Negotiated eCommerce | Techonology | iServiceX - Business Performance Improvement Specialists iServiceX - Business Performance Improvement Specialists
iServiceX

Technology

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

OUR GENERALIZED BUSINESS PERFORMANCE MODEL

View Model