Capital Equipment Bidding

Capital equipment by its nature requires a through and functional capability study and assessment at the time of vendor short-listing process. The purchase decision is typically between a limited three or four qualified suppliers. Negotiations between these are largely manual leading to lower negotiation efficiencies, especially if and the product is largely interchangeable. Reverse auctions have proved that the prices are typically realizes 20-20% lower with dynamic negotiations.

Typically high-end suppliers tend to charge a huge premium on name, which can be reduced through a transparent bidding process.

Synise has conducted online bidding for procuring 100T, 600T hydraulic press for our esteemed client. The procurement head was amazed to see reduction of around 20% from the supplier who had denied any discounts earlier. Similarly, DC drives worth Rs. 4.5 crores was negotiated online with a manufacturer leading to reduction in prices by 15%. Clearly auction provides a patent negotiation tool once supplier selection is over.

Logistics Bidding

In a competitive market, the dynamic negotiation tools seem to work the best. There is a plethora of transporters who called themselves Logistics provider, but at the same time there are a many serious players, which have emerged in the past few years who can take end-to-end responsibilities. One of the most significant advantages of this is that the prices are finalized online in a very short time across multiple routes covering sources and destinations.

Imagine trying to finalize over 250 destinations in 4 regions of the country in 10 types of trucks, covering 37 transporters. The tool can help reduce the pain and prices drastically.

Synise has handled over two - dozen unique transportation events ranging from inbound, outbound exports with results in the range from 8% to 20 % reduction over market prices. It provides in-depth consultancy, as also assists in drafting best terms and conditions on transportation.

It has a rich database of over 200 approved logistics providers working for our customers like Whirlpool, Thermax, Tata Steel, etc. These logistics providers own large fleets serving across country and are offered large loads at volume discounts through Synise.