COMPREHENSIVE CATALOG MANAGEMENT
Reduce man-hours, safeguard against price and product creep and make certain vendors are in compliance with your negotiated contracts. vMarketPlace’s superior catalog management technology allows suppliers to upload new catalogs into your secure portal for your review and approval. The system cross-references older versions and flags product and pricing variances. It’s quick, easy and effective.
Sophisticated insights and reporting capabilities to help you optimize the purchase decisions of your organization and ensure your employees are always paying the right price. Identify purchasing trends, monitor spending increases and customizable relevance product ranking capabilities to realize the maximum value of your negotiated price.
Powerful auditing tools to help you to effectively manage your supply base and ensure products and pricing are in total contract compliance. An intuitive technology that maintains historical price data, flags off and over-contract items, proactively stops non-compliant purchases and mitigates risk.
From RFQs to orders in minutes! This dynamic tool greatly reduces the time and effort required to achieve triple-bid process compliance (three-bids-and-a-buy) and reduces the overall cost of goods and services. This fast and actionable technology is a “go-to place” for spot sourcing and empowers your employees create anonymous, competitive pricing bids from your preferred vendors.
ADVANCED MARKET INTELLIGENCE
Uncover deeper cost reductions with innovative and actionable market analysis tools. Benchmark and compare your organization’s pricing discounts against consumer, B2B and public pricing indices. Discover and correct missed savings opportunities from spends on higher-cost products. Identify your lowest-cost suppliers over time.
Empower your employees to contribute to the collective knowledge of their shopping community. Like popular online consumer review sites, vMarketPlace’s Social Ranking module promotes informed purchasing decisions by enabling your employees to post supplier and product ratings, reviews and comments.
vMarketPlace leverages shared agreements with other business units and municipalities to drive tangible purchasing efficiencies across your broader organization. Our cloud-based, private procurement marketplace allows organizations to share negotiated contracts and pricing among the various business entities – regardless of which ERPs or eProcurement systems they may be using.
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This mobile app allows your employees to connect to vMarketPlace and experience real-time product comparison shopping as easily as they can from their desktops. Smartphone cameras can even be used to scan product UPC barcodes for enhanced item searching. This time-saving solution empowers your team to shop under contract from any location.