Case study

Bringing speed and transparency in procurement

80% faster evaluation with online bidding

Customer challenge:

The client wanted to move from offline bidding process to an online bidding for its vendor community.

Krios solution:

Krios developed an online bidding portal for the client wherein following facilities were provided to manage the end-to-end bidding process online.

  • Create and upload bid details
  • Add vendors and facility for them to view all bids and apply for the relevant bids
  • Query management and resolution
  • Facility of mobile app for bidders
  • Email/SMS notification and alerts to bidders on important updates
  • Facility for central purchasing team to compare all bids received take decision
  • Dashboards for procurement team as well as bidders

Online bidding process brought in absolute transparency in the bidding process along with the convenience for the bidder as well as procurement team. The hassle of managing offline paperwork was eliminated by online process in the most secured online environment. User based access to the portal made it the most authentic bidding process. The time taken for the objective comparison of bids and decision making was reduced substantially leading to informed decision making.