Generate Reduced Costs & Increased Efficiencies Sourcing has become an increasingly complex activity for procurement managers, particularly as competitive pressures call for reduced purchasing costs, improved relationships with key suppliers, reduced inefficiencies and accelerated buying cycles. Northcore Technologies provides a series of integrated solutions that help organizations manage their core assets. Our web-based sourcing application, Asset Buyer, helps procurement managers with all aspects of the sourcing process by streamlining the creation, distribution and evaluation of tenders.

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Create tenders faster and cheaper
A comprehensive solution, Asset Buyer, simplifies the creation of tenders through wizard functionality that guides purchasing managers to:

• determine tender periods
• identify response requirements
• determine the criteria that will be used to evaluate responses
• assign point values to tender questions

Asset Buyer supports multiple tender formats including:

• Request for information
• Request for proposals
• Reverse auctions

And with a library that stores templates, standard terms and previously issued tenders, Asset Buyer reduces the amount of time spent creating new tenders. The results are an accelerated procurement process, improved efficiencies and reduced tender creation costs.

Asset Buyer gives you full control over your RFx settings and parameters.

Distribute tenders to qualified suppliers and improve interactions
Asset Buyer also makes it easy to manage supplier lists and select vendors who should be notified of available tenders. Only qualified suppliers can then prepare online responses and be alerted of mandatory requirements. Suppliers, as a result, benefit from reduced tender creation costs and increased compliance with tender requirements.

Evaluate supplier responses and generate higher value
After the close of tender periods, Asset Buyer automates the evaluation and scoring of suppliers' responses. Purchasing managers can then analyze all response results in detail, and select the supplier that provides the greatest value - whether it's lowest price, fastest delivery schedule, best after-sales support or a combination of all criteria.

To learn how your organization can take advantage of Asset Buyer to generate reduced costs and increased efficiencies from your sourcing activities, please contact us today.