Name: Procurement Power
Price: 500 USD
Author: Serex Procurement Solutions

Help Desk

Web and Video Conferencing

Customer Support

Cross-Browser Testing

Functional Testing

Product Analytics

Text Editors

Version Control

Development

Student Management

Education

Business Intelligence (BI)

Business Process Management (BPM)

Collaboration

Corporate Social Responsibility (CSR)

Enterprise Feedback Management

Enterprise Search

Online Notary

Enterprise

Accounting

Hedge Fund

Travel Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Change Management

Cloud Storage

Complex Event Processing

Configuration Management

Converged Network Adapters (CNAs)

Data Center Cooling

Density-Optimized Servers

Firewall

Fraud Detection

Infrastructure Capacity Planning

Integration Platform as a Service (iPaaS)

Mainframe Monitoring

Managed DNS

Network Performance Monitoring

Privileged Access Management

Remote Desktop

SaaS Backup

Software Components

Storage as a Service (STaaS)

System Monitoring

Unified Communications Monitoring

User Virtualization

Website Hosting

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Channel Management

Content Management

Data Cleansing

Digital Experience Intelligence

Email Deliverability

Email Marketing

Marketing Automation

Mobile Analytics

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Waste Management

Professional Services

Customer Relationship Management (CRM)

Government Contracting

Sales Enablement

Sales

Intrusion Detection

Operational Technology (OT) Security

Security

Aviation

Awards Management

Direct Secure Messaging

Loan Servicing

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

Azurepath

Azurepath, LLC.

Webtrends Social

Webtrends

QuickMeasure OnScreen

Tally Systems

ProphetLine for Windows

ProphetLine

Help.com

Distribion

Distribion, Inc.

CoffeeCup Responsive Email Designer

CoffeeCup Software, Inc.

SAP Business Rules Management

Trackur

Cisco Virtualization Experience Infrastructure

Cisco

Procurement Power is a procurement solution developed by Serex Procurement Solutions (SPS) that aims to simplify and optimize the bidding process for buyers and suppliers. According to the vendor, this platform creates an environment where suppliers can bid against each other and see their relative bid positioning, with the goal of leveling the playing field. Procurement Power is intended for small, medium, and large-sized companies across various industries, including procurement professionals, supply chain managers, purchasing managers, manufacturing companies, and retail companies.

## Key Features

**Bidding Process Simplified**: Procurement Power Bidding is designed to create a quick and easy environment where suppliers can bid against each other. According to the vendor, suppliers can see their relative bid positioning, which is intended to promote fair competition.

**Procurement Power Bidding**: This solution allows suppliers to bid against each other, encouraging competition among them. The vendor claims that it streamlines the purchasing process by reducing the need for back-and-forth communication regarding price, delivery, and specifications.

**Cost Savings**: According to the vendor, Procurement Power Bidding can help achieve average cost savings of 8% on direct and indirect purchases. The solution aims to reduce costs associated with communication between buyers and suppliers, as well as simplify the buying process to minimize the need for negotiations.

**Best Prices, Quick Results**: Procurement Power Bidding aims to facilitate the quick acquisition of the best prices. The solution is designed to create an environment where suppliers aggressively price their offerings, fostering competition. The system also allows for the cloning of past auctions, making repurchasing easier.

**Transparent and Efficient**: Procurement Power Bidding is said to encourage transparency and facilitate "just in time" purchasing. The vendor claims that it allows buyers to spend more time researching new sourcing strategies and product sources.

**Streamlined Communication**: According to the vendor, Procurement Power Bidding reduces the need for unnecessary back-and-forth communications. All purchase details, including pictures, logistics, shipping, delivery details, and financing, can be posted and downloaded by suppliers, aiming to streamline the communication process.

**Level Playing Field**: Procurement Power Bidding aims to create an environment that levels the playing field for suppliers. According to the vendor, it allows suppliers to see their relative bid positioning, ensuring fairness and equal opportunities.

**Easy Setup and Use**: Procurement Power Bidding is designed to be quick and easy to set up and use. Buyers can post items for purchase on a private and encrypted request for price purchasing web page. Suppliers enter an encrypted price for the requested items, and the buyer decides which supplier will be awarded the purchase order.

**Suitable for All Company Sizes**: Procurement Power is positioned as suitable for small, medium, and large-sized companies. It caters to the procurement needs of various industries, including procurement professionals, supply chain managers, purchasing managers, manufacturing companies, and retail companies.

**Optimized Purchasing Process**: Procurement Power Bidding aims to optimize the purchasing process by eliminating inefficiencies and reducing manual tasks. According to the vendor, it allows buyers to focus on strategic sourcing and supplier relationship management.

Basic

Periscope Source (formerly BidSync) is a suite of e-procurement software now owned and supported by Periscope Holdings in Austin, Texas since the December 2014 acquisition.

State

Regional

National

periscope S2G

Simple plan

ProcurementExpress.com

Procurement Power

Procurement software automates the process of purchasing materials and replenishing inventory. Central to it is electronic purchase ordering and approvals, as well as invoicing and bill payment. The software includes vendor management for competitive pricing and service and vendor follow-ups. Procurement is an essential component of supply chain management and may be available via supply chain management suites.

Procurement

Serex Procurement Solutions

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Procurement Software

Procurement Power

Overview

What is Procurement Power?