SynerTrade, Supplier management

ST6 SynerTools eAuctions “I have been negotiating the price of this commodity for years and feel I am not achieving the market price.” “The last negotiating round for nuts and bolts took me two months. How can I possibly handle 10 categories in a year?!” “I want to easily compare my short-listed suppliers on a well established TCO (Total Cost of Ownership) basis.” The SynerTrade 6 SynerTools eAuctions module is a revolution in the way buyers negotiate with short-listed suppliers. During a short time frame, world-wide suppliers compete for business by bidding their best price. Their offers can be compared on a Total Cost of Ownership basis as set by the buyer. The SynerTrade 6 SynerTools eAuctions module offers best of breed features including: Equalized auctions: real time adjustment of all TCO factors, multiple customized parameters. Wide choice of auction strategies: standard reverse auctions, ranking auctions, ascending auctions... Easy set-up using either pre-defined auction strategy templates or a set-up assistant. Highest security level. Bids in real-time (rapid screen refreshment). Supplier user friendly interface. Online support and a hot line including an emergency back up procedure during the eAuction event should suppliers have Internet problems. SynerTrade Value : The SynerTrade 6 SynerTools eAuctions module benefits from SynerTrade’s unmatched experience in conducting hundreds of eAuctions since 2000 for its customers. Unique online support. Seamlessly integrates into other SynerTrade 6 modules.

Benefits : Rigorous strategic sourcing process. Renowned robustness and user friendliness for both buyers set-up and suppliers bids. Higher number of competing suppliers. Shorter negotiation cycle. Unbeatable transparency. Provides a high level of information on the suppliers market.