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Adaptive Decisions' Bid Optimizer Functionality
Your customers are demanding decision support tools so they can achieve the following:
- analyze complex RFPs and proposals
- understand the thousands of interdependencies between and within line items, supplier bids, and business rules
- develop and apply buyer-developed business rules, attributes, and constraints.
Once you add our Bid Optimizer features to your SRM or strategic sourcing solution, here's how you'll compare to the leading vendors who already offer decision optimization
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
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Your SRM
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Buyer has flexibility to define their business rules and key attributes (easily changeable to meet specific industry or commodity requirements) |
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Extensible design to incorporate other critical business factors into decision (transportation costs, financial instruments, etc.) |
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Flexible item queries (ability to define broad range of business attributes and constraints and flexibly apply specific rules to specific bundles of line items within complex RFPs) |
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Define divisible or indivisible bundles (allows suppliers flexibility in pricing on various line items) |
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Mathematically determine best combination of bids among multiple suppliers to meet the buyer's overall requirements at the lowest total cost |
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Simultaneously evaluate all supplier bids while incorporating price and non-price factors (e.g., business rules, procurement policies, quality, mixed pricing options, delivery schedules) |
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Consider interdependencies among hundreds or thousands of individual items, bids, or sets of items and bids (within and across suppliers) |
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Evaluate any number or combination of simple and/or tiered pricing plans while allowing suppliers flexibility in bid development |
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Conduct what-if analyses to compare various trade-offs and purchase options |
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Make sourcing decisions based on corporate profit margin targets |
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Reduce number of suppliers in most cost-effective manner (including switching costs) |
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Minimum and maximum contract value can be specified per supplier or group of suppliers |
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Minimum and maximum number of suppliers can be specified per line item, item bundle, or total contract |
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Provide business intelligence, award justification, and reporting |
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Optimization technology also aids in RFP/RFQ development and adds flexibility in supplier bidding |
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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
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