Imperium (E-Bidding solution) has been designed for manufacturing units to make their transportation bidding process more smoother,more transparent and much more efficient. This whole solutions is based on reverse bidding process. Taking advantage of new developments in technology, reverse auctions have significantly changed the way many companies conduct their purchasing. For buyers, the primary benefits include reduced purchase price, increased market efficiency, higher procurement process efficiency, and access to a larger supplier base. The key benefits of reverse bidding process are:
- Increased market efficiency
- Procure process efficiency
- Access to larger supplier base
The use of Imperium application certainly result in considerable savings in purchase cost. Higher market efficiency, procurement process efficiency, and access to larger supplier base are the contributing factors to creating savings in purchase cost. These savings are the primary force behind the high popularity of reverse auctions.