Event Manager

Event Manager allows sourcing professionals to conduct competitive online events with their suppliers in real time, saving an average of 18% for both direct and indirect goods and services, while reducing cycle time up to 50%.

Flexibility from Auctions to RFx events, Event Manager meets the diverse needs of sourcing organizations by offering a high degree of flexibility in event-creation and management. Whether you are conducting auctions or multistage RFx events, Event Manager will help maximize savings on a broad range of goods and services.

Capture, save and reuse category or event-specific content via a template library.
Establish price adjustments at the supplier, event, and line item level to account for factors such as payment terms or delivery.
Leverage advanced weighting and scoring for complex events to ensure accurate post-award analysis.
Formalize award decisions and communicate to suppliers with notifications.

Real-Time Interactive Bid Monitor

Event Manager provides an interactive, real-time bid monitor for auction events. Bid monitor enables sourcing professionals to observe how bids are trending, along with each bidder's competitive standing.

Interactive supplier open bidding and overtime controls.
Instant messaging and supplier connection monitoring.
Automatic extensions for varying bidding scenarios.
Multiple views including: Top, Most Recent, Current and All Bids.
Real-time event savings calculations.

Post-Event Analysis

Making fast and informed decisions in complex sourcing situations is simplified using the event analysis tools. Post-event analysis allows sourcing professionals to review trends in supplier responses or analyze particular supplier bids.

At-a-glance bid details for any event type.
Side-by-side bid comparisons.
Event detail and bid response export to Microsoft Excel.
Real-time auction event savings calculations.
Auction event replay.

Supplier Portal

Event Manager provides an easy-to-use portal that guides suppliers through the event response process by following step-by-step instructions. Suppliers assume responsibility for self-administration via the portal, lessening the strain on the buyer organization with minimal supplier training commitment.

Complex bid response creation and management.
Interactive bid weighting and scoring views.
Competitive bid information with real-time bid adjustments.
Minimal supplier training commitment.