iconKey Available Features for Buyers

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RFQ and B2C Buying experience;
with automated PO, Notifications &
Approval Flow

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Real-Time Response for Pricing (Spot Buy), Product Availability Checking & Delivery Date Request (*)

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Suppliers Price Offer Comparison:
Net Landed Cost Model
(taking into account e.g. Incoterm & payment term costs, tax/duties)

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Purchase Volume Apportionment Optimisation to Multiple Suppliers

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End-to-End Term Contract Process
(with e.g. Formula Pricing, Negotiation, Rebate, Order Placement and Settlement)

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Sourcing Strategy:
Contract vs Spot Analysis

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Supplier Offer Comparison:
Total Cost of Ownership Model

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Procurement Optimisation
(e.g. when to buy and what quantity to buy)

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Integration to Popular ERP systems (e.g. SAP)

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Visibility to Supply Chain
and Payment Status &
Eco-system Collaboration

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Advanced Online Bidding
(Forward Auction)

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Dashboards & Advanced Analytics

iconHow It Works

If suppliers are not already on platform

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Invite Suppliers to Platform or

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Trigger RFQ to suppliers

If suppliers already on Platform

Spot Deal

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Select Product/Suppliers (from Platform Product Listing or from Buyer’s Frequently Purchased Product List)

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Trigger Dynamic Price Query or RFQ

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Get Suppliers Response (price, terms, etc)

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Compare Suppliers Response and Conduct Analysis

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Conclude Deal and Generate PO

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Trigger Payment Process

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Order Online

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Track Order Status

Term Contract

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Send RFQ Invitation

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Receive Response, Analyse and Negotiate Deals

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Conclude Deal

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Execute Deal (e.g. Pricing, Order, Payment) and Track Status

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Settle Contract (e.g. formula price adjustments, rebate)

iconBuyers Registration Process

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