e-procurement
Buyers can now use non-price factor metrics to adjust the weight of different suppliers' bids based on things such as past performance history, financial stability, or other qualifications. This and other advanced features have been added to the eProcurement product module with the release of Epiq 5.0.
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Windows XP/2000/NT ,
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Pricing
Users (# of seats)
41,995 to 2,500,000
sales@epiqtech.com
858-467-9961
direct sales force
Resources
Additional Product Information
Epiq eProcurement uses powerful reverse auction technology and provides the tools an enterprise needs to manage the entire procurement process. E-procurement can result in:
• Significant overall cost reduction (5% to 35%) through the competitive bidding process
• Dramatic reduction in procurement cycle time
• Lower administrative, negotiation, and transaction costs
• Pre-screen qualified suppliers
Here are feature highlights of e-procurement by category:
Buyer Auction Management:
• Build list of qualified suppliers
• Departmental auctions that allows different departments to manage their own auctions
• Build line items, lots and RFQ's
• View, edit, and delete users
• Add, edit, and delete auction
• Monitor auction activity, pricing, and supplier participation
• Create customized emails for various events in the auction
• Specify important parameters like date needed, delivery and payment terms
• Monitor supplier invitations, connection status, and bidding activity
• Specify start price and target price
• Reusable templates for auctions, line items and lots
• Specify auction end date, preview period, and requirements
Supplier Area:
• Supplier registration and bid monitoring
• Up to date status of bids, active auctions, place new bids
• Previews upcoming auctions
• Notification of outbid
• Respond to private auction invites
• Post auction questions
Bidding Format:
• Non-price factor adjustments / Manual selection of winners
• English auction support
• Percent of index price and list price
• Automatic bidding features
• Multiple quantity bidding parameters
• Fixed price off index price and list price
• Private auctions
• Vickrey auction logic support
• Dutch auction logic support
• Hybrid auctions
Reporting:
• Supplier connection status reports
• Auction bid history reports, history graphs
• Supplier bid history, bid, and bid comparison reports
• Supplier participation summaries, database download, activity reporting
• Dollar value and number of items purchased over time
• Winning bid comparison report
• RFQ reports
Technical Overview:
Epiq's best-of-breed, open enterprise edition is 100% Java based on the J2EE standard. It takes full advantage of the standard to provide support for existing systems, maturity of platform, portablity, rapid deployment and easy maintenance coupled with scalability and seamless integration with existing legacy systems. The software also uses open Internet standards like HTML, HTTP, JavaScript, XML, SSL, and Enterprise Java Beans along with industry standard clustering and load balancing technologies. Separation of the presentation layer from business logics makes it easy to customize for design and branding. The standards Epiq uses are essential components of a well designed infrastructure strategy:
Support for Existing Systems
It is critical that organizations have an efficicient and rapid path to preserve and reuse its investments in legacy systems and existing code written in multible languages. The standards Epiq uses make the daunting task of legacy integration manageable. The standards can use Java Messaging Service, Web services, CORBA, or JNI to achieve integration. The most significant specification the standards have is the J2EE Connector Architecture for plugging in resource adapters which major vendors support accross the board.
Maturity of Platform
As organizations make decisions regarding which platform to adopt, they must consider the maturity of the platform and its underlying platforms. The more mature the platforms, the less problems the organization will face. The standards Epiq uses currently run in a large range of mission-critical situations, with large scale deployments that are well-tested, alive, and healthy.
Web Services Support
Organizations will be collaborating more and more with the advent of web services. As a result, many organizations already have made thier web services strategy a high priority. Epiq uses standards that have strong support for web services through the Java API for XML Parsing. This allows web service operations of any type, such as SOAP, UDDI, WSDL, and ebXML, via manually parsed XML docs.
Hardware and Systems Cost
Epiq uses standards which support UNIX and Mainframe systems as well as Win32. This offers the flexibility to have a high-end, pricey solutions such as iPlanet running on Sun Solaris in an E-10000 server, or a low-end, low cost solution such as jBoss running on Linux on a Cobalt RAQ server.
Scalability
Over time, application and web services deployment must scale as the goals and needs of your organization change. As your organization develops, so does the load and traffic placed upon your infrastructure. With the standards Epiq uses, an increase in hardware resources results in a corresponding increase in load support while maintaining a consistent response time. Implementations on these standards provide load-balancing technology that allow a group of machines to work together to manage load.