What is eTendering?
eTendering is part of the process of conducting procurement online, primarily to facilitate a more efficient way of sourcing suppliers.
MtendersTM automates the process of managing tenders, allowing for smoother, more controlled procurement that lets the procurer manage and evaluate bids with ease.
What are the benefits of MtendersTM eTendering module?
The manual process can often be long and unwieldy, sometimes taking three months or longer to be fulfilled. This can be very costly for both buyers and suppliers. Here’s why an MtendersTM eTendering system might be a preferable option for buyers:
- A structured, transparent process: Opportunities, documents and notices can all be posted on whichever eTendering platform is used, allowing for easy collaboration with your suppliers. Changes, updates and questions can all be time-stamped too, creating a full audit trail for every action, giving you complete visibility.
- Improved cost savings: With less process time, manual overhead from negotiations, and paper involved, it can generate significant savings compared to the manual process.
- More competitive bid evaluation: Tendering information can all be managed through one single portal. Therefore, suppliers can be compared and evaluated here rather than using email and individual document print outs to evaluate responses. Suppliers can also be notified of changes or updates to the process through an eTendering system collectively and in a standardised manner, ensuring minimal bias takes place.
- Efficiency: provide procurement professionals with useful management information such as the breakdown of product categories being sourced, the average time to contract awards, and the value of spend under contract.