If the time from advertising to selection is 60 days, you can easily extract 14 days from the schedule by streamlining vendor communications. Eliminate cycle time necessary for bid document reproduction - Instead of sending out an order for document copies, waiting for delivery, and collating and packaging the documents for distribution, make them available for download immediately. Instant notification and distribution of electronic bid documents and addenda - Instead of allowing time in the schedule for distribution and receipt of addenda, the notifications and document delivery occur in minutes. Your vendors will experience some of the same time and cost savings as the buying organization. Additionally, the online system is a positive step in building vendor and business relationships.
Vendors save time and money in obtaining bid documents.
Vendors are ensured of notification of new business opportunities and addenda compared to reading print media. Levels the playing field - all vendors receive key communications at the same time. System can be used for small business outreach - targeted communications and compliance reporting. You can examine your own business process against these factors to analyze your current cost of doing business as a baseline for quantifying the value of increased efficiencies.