Information About

Tendersystem
APPAREL
BABY
BEAUTY
BOOKS
CAR TOYS
CELL PHONES
DVD'S
ELECTRONICS
GOURMET FOOD
GROCERIES
HEALTH & PERSONAL
HOME & GARDEN
JEWELRY
MUSIC
MUSIC INSTRUMENTS
OFFICE PRODUCTS
SOFTWARE
SPORTING GOODS
TOOLS & HARDWARE
TOYS
VIDEO GAMES
SHOPPING HOME
MORE SHOPPING...



This tried and tested technology leverages the age-old principle of supply and demand, through Reverse Auction , ensuring that products are purchased at the best possible price, at a lower administration and management cost, than any other method.

In a reverse auction a buyer issues a request for quotations ( RFQ ) to purchase a particular item. Multiple suppliers quote the price at which they are willing to supply the requested item or service. The transaction is awarded to the supplier that provided the lowest price.

The advantage of reverse auctions compared to a normal catalogue based systems is that supply and demand is leveraged as all suppliers are requested to tender, multitude of items can be sourced and suppliers do not have to keep updating catalogue prices. A catalogue is however generated dynamically (valid items) when quotes are submitted or items uploaded and can be automatically included in tenders for as long as they remain valid.


HISTORY


TenderSystem was developed by ValueCard (Pty) Ltd in 2002 for short-term insurance companies to decrease their replacement costs. TenderSystem soon became the defacto insurance replacement system in Southern Africa. ValueCard realised that similar savings could also be achieved in other industries and released TenderSystem as an open source project on SourceForge.net in July 2005.


CORE FUNCTIONALITY


  • RFQ 's are distributed by email, with an optional SMS notification, to suppliers that sell the required items in that specific area.

  • Suppliers quote on-line or by replying to the email, with the tender price, suggested replacement information, stock availability and validity period. TenderSystem quotes automatically for suppliers with valid items.

  • Users then award the sale, which issues an email purchase order, to the successful supplier. Suppliers validate purchase orders on-line before completing the sale.



MAJOR FEATURES


  • Reporting ( Ajax integration to auto populate RFQ references)

  • Automatic quote submissions and closure when all suppliers have quoted

  • Payments managed through Bordereaux

  • User admin

  • Supplier admin

  • Tender admin

  • Area admin

  • Category admin

  • Settings - Personalise TenderSystem according to your preferences

  • Statistics - User, geography, category, time, brand and tender status statistics



PRO FUNCTIONALITY


  • Email reports - Daily, weekly and monthly reports emailed to users

  • Uncompleted reports - Bi-weekly notify users of uncompleted tenders

  • Feedback request - Obtain feedback from suppliers as to the delivery status and send the response to the user

  • Billing - Automatically send out invoices to users and suppliers according to service fees charged

  • Invoice - Generate supplier invoices on delivery response

  • Closing notification - Supplier notification that a claim is nearing its closing time.

  • Contract management - Supplier contract management

  • Purchase vouchers



LICENSING


TenderSystem is released under a dual license, namely TenderSystem Public License (TPL) for TenderSystem OS and a commercial license for TenderSystem PRO that includes additional modules.


AWARDS




EXTERNAL LINK