07-Jul-2020

Cost savings in both direct and indirect spend

01-Jul-2020

What is an E-Auction? 6 Types of E-Auction

5 STEPS IN BUYING DECISIONS ON NEXTPRO B2B E-COMMERCE PLATFORM

NextPro B2B E-commerce platform provides the best service for searching and connecting Buyer with Suppliers today. With more than 150,000+ suppliers in +500 product and service categories, NextPro platform is committed to best meeting all Enterprise requirements.

1. MARKET RESEARCH

Buyer conducts a search for suppliers by keywords or categories according to their demands.

2. RFX

Send a request to the Suppliers for quotation, information or proposal.

3. AUTO-NEGOTIATION

Auto-negotiation feature optional. The system automatically negotiates to get the best price.

4. E-AUCTION

Buyer can conduct to create an online bidding event on the system.

5. CREATE PURCHASE ORDER

Buyer proceed to select the most suitable with the required quality and price to initiate the order.

E-AUCTION

E-Auction is a form of bidding organized with the help of digital tools. This feature is integrated into the NextPro B2B E-commerce platform with 6 different bidding types suitable for each type of transaction, helping Buyer choose suitable Supplier with the best price, concurrently helping to increase transparency and competitiveness among Suppliers participating in the bidding.

Create purchase requisition

Approve purchase requests

Create requests for quotation

Technical evaluation

E-Bidding

Compare and select suppliers

Create a purchase order

Goods receipt and supplier evaluation

REQUEST FOR X (RFX)

With NextPro, Buyer can request suppliers to provide information, proposal or quotation about products or services

VARIOUS QUOTES

With one request, Buyer can receive different quotes from selected Suppliers or recommended by category.

GET SUITABLE SUGGESTION/INFORMATION

Buyer can receive information or proposals suitable for their demands from potential Suppliers.

COST SAVINGS

Saving costs with auto-negotiation or creating different bid rounds to increase competition among Suppliers.

STANDARDIZATION OF CONTRACT TERMS

Standardized order terms protect Buyer's best interests, eliminating potential risks in technical and commercial terms.

EXPENSES MANAGEMENT

The system will automatically aggregate price comparisons, visually display costs and savings so that Buyer can review and manage expenses effectively.

SOURCING NETWORK

Take advantage of the reputable Supplier database on the system to create a sourcing list for Enterprises.