Electronic Bidding Module
Key Benefits

IWT’s Enterprise Sourcing automates the process of creating, issuing, and awarding bids, saving time.  By leveraging the system's libraries, templates, and importing capabilities your procurement operation will benefit from increased speed, automated auditing, and the elimination of redundant data entry.  Find out why organizations like yours are making a change to IWT.

* Provides one centralized system for all bidding processes, eliminating data scattered across paper documents, word processors, spreadsheets, and address books.  All bid specifications, supplier lists, responses, and bid tabulations are available from a standard web browser.

* Enables a more competitive bidding environment by allowing a buyer to easily expand the number of suppliers solicited.  Suppliers benefit from increased awareness of business opportunities and the ability to offer more competitive pricing through process savings.

* Manual supplier management and related record keeping is replaced by online supplier “self” registration and classification providing a centralized database of approved suppliers.  Suppliers can be given responsibility for profile management and commodity classification, removing this burden from the buyer.

* Interactive online forms increase accuracy for the buyer when creating and issuing electronic bids and for the supplier creating and submitting bid responses.  Data validation features provide higher quality responses by ensuring suppliers provide key bid information, answer required questions and fill-out checklists.

* Provides the ability to create bid templates, libraries, or reuse bid documents and specifications eliminating duplication of work and streamlines future bid activities.

* Minimize costs associated with creating, packaging, and distributing bid documents.  System generated e-mail notifications eliminate manual notification efforts such as mailing labels or document faxing.  Bid cycles can also be significantly shortened by eliminating the time delays from traditional bid distribution.

* Automatic e-mail notification by commodity code(s) eliminates manual supplier sourcing efforts.

* Provides public access to bid opportunities, tabulation, and award data, ensuring fairness and enhancing public relations.

* Dynamic bid tabulation reports eliminate the redundant data entry of manual tabulation efforts.  The system can automatically notify suppliers of award decisions and make award information available to the public.

* Role based security and audit trail generation ensures compliance with centralized policies and procedures.
  
* System time stamps and encryption ensure a fair and secure business environment.
  
* Track bidder activity such as response and award ratio.
  
* Access key benchmark reports outlining savings resulting from your professional procurement operations.

View a Web Demonstration