• An "OEM" decision optimization plug-in solution for Strategic Sourcing and SRM vendors
• AMR Research calls dynamic decision optimization one of the "Five Key Tenets of SRM"
• At least three sourcing technology vendors already offer decision optimization as part of their solution

Adaptive Decisions Bid Optimizer is a decision optimization plug-in solution for Strategic Sourcing and SRM vendors. Bid Optimizer enables leading sourcing vendors to bring a world-class decision support capability quickly to market without the huge investments required to master optimization technology. Bid Optimizer is the only out-of-the-box optimization plug-in solution available today.

To download a PDF of our Adaptive Decisions Bid Optimizer brochure, click here.

Read more information on the following:
Product Description
Technical Specs
Features and Functionality

Current Environment Among SRM Users
Corporate buyers are demanding more sophisticated analytical and decision support capabilities from their strategic sourcing and supplier relationship management (SRM) vendors. The most pressing decision support need is in the area of bid evaluation and award. Many requests for proposal (RFPs) are complex, containing thousands of line items and are bid upon by hundreds of suppliers with various pricing models. As a result, buyers want the ability to consider the interdependences between thousands of line items and hundreds of bids, or sets of items and bids - and to do that within a single supplier's bid or across hundreds of bids. Parametric weighting and side-by-side comparisons - the most common decision support offered by sourcing solutions today - simply do not have that capability.

Decision Optimization technology is a proven technology for complex decision-making. Optimization technology allows buyers to simultaneously evaluate all supplier bids while incorporating business rules, procurement policies, and other non-price factors such as quality, delivery schedules, and current contract compliance. Optimization technology empowers the buyer to conduct exhaustive what-if analyses to compare various trade-offs and options to arrive at the best combination of bids in making an award:

• Limit award to at least 2 but no more than 5 suppliers
• Each supplier selected must receive at least 5% but no more than 40% of the business
• Designated supplier(s) must receive at least 10% of the award.
  

To download a PDF of our Adaptive Decisions Bid Optimizer brochure, click here.

Read more information on the following:
Product Description
Technical Specs
Features and Functionality