- Features offered by MinMax Consulting Group Inc.:
- A single dynamic parameter : the price or any other measurable item (rate, index, score, etc.);
- A single assessment criterion: suppliers' proposals are assessed according to the single dynamic parameter;
- Available option: auction several products or product lists at the same time;
- Available option: select one or several suppliers from the reverse auction.
- Value for our customers:
- Identify the best supplier in the cases when a pre-qualification of suppliers only is required and where the price, for example, is the only decision criterion, and obtain substantial savings;
- Use a single RFP to select several suppliers for different products or product lists, which allows our customers to select the best supplier for each product or product list with a single reverse auction;
- Save on implementation costs related to reverse auctions since each auction is monitored by a MinMax Consulting Group Inc. supervisor and since the auction is run on a server owned by MinMax Consulting Group Inc.
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- Features offered by MinMax Consulting Group Inc.:
- A single dynamic parameter : price or any other measurable item (rate, index, score, etc.);
- Several quality parameters used by our customers for the assessment of suppliers' proposals can be taken into account: conformity to industry standards, cost of supplier change, delivery lead time, specific quality of a product, suppliers past performance etc.;
- Flexible weighting of the different quality criteria as well as the price to assign a score to each supplier;
- Selection of the supplier who obtains the best score, which means selection of the supplier who answers best the company's specific needs;
- Available option: auction several products or product lists at the same time;
- Available option: select one or several suppliers from the reverse auction.
- Value for our customers:
- Allow customers to state how much they want to pay for any improvement in the quality of purchased goods and communicate this information in a transparent way to suppliers;
- Allow our customers to take into account such factors as the cost of supplier change, the insurance to make business with a well-known supplier, etc.;
- Use a single RFP to select several suppliers for different products or product lists, which allows our customers to select the best supplier for each product or product list with a single reverse auction only;
- Save on implementation costs related to reverse auctions since each auction is monitored by a MinMax Consulting Group Inc.supervisor and since the auction is run on a server owned by MinMax Consulting Group Inc.
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- Features offered by MinMax Consulting Group Inc.:
- Several parameters of the proposal can be modified by suppliers during the reverse auction: the price and/or other parameters such as delivery lead-time, payment terms, warranty level or the service level;
- Available option: auction several products or product lists at the same time;
- Available option: select one or several suppliers from the reverse auction.
- Value for our customers:
- Allow suppliers to respond to competitors by offering an improvement in quality and/or a lower price, which allows our customers to get proposals from suppliers that become closer and closer to their needs;
- Allow our customers to use powerful and transparent negotiation tools in complex purchasing situations where some qualitative criteria of a proposal can be objectively assessed;
- Use a single RFP to select several suppliers for different products or product lists, which allows our customers to select the best supplier for each product or product list with a single reverse auction only;
- Save on implementation costs related to reverse auctions since each auction is monitored by a MinMax Consulting Group Inc.supervisor and since the auction is run on a server owned by MinMax Consulting Group Inc.
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- Features offered by MinMax Consulting Group Inc.:
- The quantity of products to be purchased is subdivided into several lots by the buyer to allow small and large suppliers to participate in the RFP in order to improve the level of competition in the RFP process;
- Large suppliers enjoying returns to scale are able to submit a price for a delivery of a bundle of several lots;
- Available option: select one or several suppliers from the reverse auction.
- Value for our customers:
- Allow our customers to purchase substantial quantities of a product thanks to the competition of suppliers of different sizes: large suppliers who can take advantage of returns to scale and small suppliers who can take advantage of lower management costs;
- Get the lowest price through the competition of all industry members;
- Save on implementation costs related to reverse auctions since each auction is monitored by a MinMax Consulting Group Inc.supervisor and since the auction is run on a server owned by MinMax Consulting Group Inc.
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