Electronic platform iStock.Link offers various tools for organizing procurement procedures. The functionality allows you to choose the optimal way to conduct bidding, and the software package adapts competitive selection mechanisms to the specifics of each company.
Request for commercial proposals
The basic format of interaction with suppliers involves the collection of price proposals. Electronic tools automate the sending of invitations to potential participants. Intelligent algorithms analyze incoming proposals.
The procurement mechanism includes the following stages:
Automatic generation of a description of the required services or materials based on internal standards.
Notifications sent to accredited suppliers via the public address system.
Structured collection of data on cost and delivery conditions in a single format.
Preparation of comparative tables to select the optimal one proposals.
Electronic auction
The dynamic method of procurement provides for a step-by-step reduction in cost. Software modules iStock.Link provide transparency of competition . An automated system records every price change:
Formation of the starting price of a lot based on a preliminary market analysis.
Registration of bidders with compliance check qualification requirements.
Conducting a trading session with automatic extension of time after proposals are received.
Determining the winner based on the results of the final round competitions.
Competitive negotiations
The multi-stage procedure allows for a detailed discussion of the conditions. Specialized tools coordinate the interaction of the parties, and the built-in messenger ensures prompt communication:
Preliminary qualification of potential partners according to specified criteria.
Organizing online meetings through secure channels video communication.
Access logging
