VENDX– RA Module is the first of its kind, for buying any material through instigative bidding process of Reverse Auction.

The organization can benefit immensely through VENDX - RA Module in terms of cost reduction which will be driven by instigative competitive bids of the suppliers. It will also bring transparency in the process of arriving at buying decisions and offer desired opportunity to the suppliers to have business with the organization based on their competitive position.

Key Benefits of VENDX– RA Module
Huge Cost Reduction
Transparent buying
Minimum Time Spent

Key Features of VENDX– RA Module
Reverse Auction on Landed Cost (The only RA platform offering this facility)
Facility to set various rules for conducting RA
Bidding Graphs of RA in Progress
Self training of suppliers through Qualifying Bids submission
Supplier interface to maintain current and historical data of RA
SMS and e-mail alerts to Suppliers
Permission setting for Users for different RA functionality
Reports on Savings generated on each RA
MIS on bidding pattern of each supplier