Strategic e-Sourcing Solution | e-Auction & e-Tender

e-Sourcing Solution

C1’s e-Sourcing solution is a robust platform that delivers the ability to source both simple and complex categories with ease and ensures higher sourcing savings through increased visibility into complete procurement process. Integrated into your execution and procurement processes, our solution can help you source better by providing:

Quick and easy to create RFXs for simple and complex sourcing activities
Easy to bid for vendor which supports detailed bids for services and direct materials
Gain visibility, segment spend, and identify savings opportunities
Remove carteling in procurement system
Reduce risk by finding better suppliers and innovation partners
Negotiate better pricing
Easy integration with third party applications

TENDER MANAGEMENT SYSTEM

AUCTION MANAGEMENT SYSTEM

Tender Management System

C1’s Tender Management suite helps remove time-consuming and labor-intensive manual processes of tendering and get a complete transparency of an organization’s procurement process. This enables buyers to compile detailed tender contracts, invite private bidders to bid tender online, distribute tender reports and award tenders online.

Whether it is complex tendering or simple RFP/RFQ process, TMS Suite helps an organization in executing an effective e-Procurement strategy and make the procurement or tendering function hassle free. Hence, can ensure the transparency of the entire tender management process.

It takes care of complete procurement life cycle, starting from vendor or supplier registration process till awarding the contract.

Key Benefits

With a single, unified solution for your Tendering process, organizations can achieve significant savings and other top-level results including:

Maximized savings assurance up to 25% on maverick spends
Quick & easy to create RFXs for simple and complex sourcing activities
Complete adherence to the compliance process
Hassle-free, fair, and transparent process
Reduce risk by finding better suppliers and innovation partners
Negotiate better pricing
Highly customizable platform along with 3rd party integration

“Our Industry-leading e-Tendering solutions & services allow enterprises to save appox. 5 - 25% on marvick spend and bring transparency to the entire procurement process”

Key Features

Vendor/Supplier Registration & Administration
Automated Approval Workflows
BOQ List Auto Update/Extraction from Excel
Integrated Contract Management Solution (If required)
Indents or Requisitions
RFP/Tender Creation, Revision, Extension
Tender Activity Tracking and Reporting
Integrated e-Auction (If required)
Supplier Management
Decision Workflow
Document Management
Easy Search
Easy Interaction with Suppliers
Notifications/ Alerts
Easy Integration with 3^rd Party System
Audit Trail & Archiving

Auction Management System

C1 India's industry-leading e-Auction platform is a SaaS-based negotiating tool for maximizing savings and creating value. It helps you procure goods & services at the best price, thus making the maximum impact on the bottom line.

Developed exclusively for bidding requirements across industries, the solution empowers you to automate complete vendor interaction over the web for effective price negotiations.

Our best-in-class web-based e-auction solution encompasses extremely reliant characteristics such as:

Quick set-up of online auctions with minimal supplier (bidder) training
Connects buyers and suppliers with ease
Buyers have better control over their spends
Multicurrency and multilingual capabilities of the platform cuts down the negotiation cycle time

The system can be customized through various settings and integrated with 3rd party applications with ease. We also provide Reverse Auction services whereby our expert team of consultants can conduct the auction for your enterprise.

Key Benefits

Leverage saving opportunities up to 40% and direct cost reductions
Reduce cycle times with better-managed processes via automation
Enhanced market transparency with better prices through real-time dissemination of information
Increase buying/selling reach and foster new business relationships
Highly intuitive and easy-to-use platform
Assists businesses of all sizes and verticals

Auction Types

Explore our range of additional Auction Management solutions

Forward English Auction

This auction type involves one seller and multiple potential buyers, where the seller sets a minimum acceptable bid and entertains bids that are incrementally higher than that minimum. The forward auction is extremely beneficial for maximizing returns on sale, reducing inventory stocks, and promotes proper optimization of stock assets.

Sealed Bid Auction

Bidders submit bids for item(s) being offered at auction and other bidders can view these bids in bid history. In this auction type, there can be no ties. Each bid that a bidder submits must be higher or lower than his last bid, based upon the auction format (Forward or Reverse Auction). The order is awarded to the highest (Forward Auction Type) or the lowest (Reverse Auction Type) bidder.

Yankee Auction

This auction type is similar to the Dutch Auction type except instead of a single-line item, it's now a whole lot that is put up for bidding. Each bidder specifies their respective highest bid that they're willing to pay for the whole lot. The one with the highest bid wins the entire lot.

Dutch Auction

A typical Dutch Auction initiates with the lowest possible price, complemented by gradual increases at regular intervals. The auction ends as and when a supplier accepts the price in each interval. Here, the prices are governed by the buyer organization and bidders must acknowledge the price. This auction type is highly useful as it can be completed very quickly, easy to implement and understand.

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