The globally accepted practice in cost-effective procurement of goods and services is the requirement to review three vendor bids (or quotations) before making a “buy” decision. The purpose of this (near universal) practice is to ensure the cheapest price which meets the specification demanded and delivery time required. xChecker specializes on this need. With xChecker, buyers, purchasing managers and agents can achieve between 6 to 8% cost reduction (when measured against non-optimized spend) and 85 to 95% time savings (compared to manually processing quotes and offers before issuing and tracking purchase or service orders) In addition, xChecker provides: • A unified core for data • A dynamic flow of information • Automated system to streamline human processes (such as vendor negotiations and bid evaluation) • Improved collaboration with critical suppliers • Enhanced supply transparency • Provide traceability and audit validation of bids xChecker distils the scope of the bid and enables instant distribution of the RFP (request for pricing) to a large network of pre-qualified and capable suppliers to obtain the best current pricing in seconds compared to hours or days previously spent using the manual systems typically used by SMEs. The xChecker platform instantly displays reports that allow management to make better informed and faster cost saving decisions. xChecker’ s reporting function provides senior management and other stakeholders greater access to market pricing trends and analytics with more timely communication between procurement staff and management. These time savings and automating core processes, allow procurement staff to focus their competencies on building more resilient supply chains and helping their company to achieve its strategic goals. If you'd like to explore what xChecker can do for your organization, contact us via our website.