Press
Orbis Online Creates Dynamic Pricing Environment
for Procurement Events
Orbis adds dimensions to the buyer-supplier
relationship and
helps secure true market pricing during the procurement process.
San Antonio, Texas - June 10, 2002 - Orbis Online. Inc., announced
today its web-serviced e-procurement solution, which is demonstrating
average customer savings of 22 percent. Targeting organizations that
do recurring purchasing of items in bulk quantities, that do occasional
or periodic large-dollar procurements, and that use competitive bidding
in the procurement process, Orbis provides expert services to create
a dynamic pricing environment for procurement events. This helps the
customer secure true market pricing.
"The goal of the procurement process is to get the appropriate
product or service at the best price at the right time," stated
Dr. James Strader, chief executive officer of Orbis Online. "Orbis
brings extensive knowledge and expertise in dynamic pricing techniques,
along with our technological tool suite, to facilitate real-time, reverse-auction
events and optimize dynamic pricing results," Strader explained.
"We can help establish strategic relationships to diversify global
sourcing solutions and ensure a fair, transparent, competitive environment
for both buyers and suppliers."
Focus on Pricing
Orbis focuses on the pricing element of the procurement cycle. While
the company can advise its customers on various other steps in procurement,
the value proposition is based on its ability to establish a true market
price for products and services through competition and supply/demand-sensitive
bidding.
In a real-time reverse-auction procurement event, opportunities for
both buyers and suppliers are optimized. Orbis can help qualify new
potential bidders, thereby enlarging the supplier pool and increasing
the opportunities for competition. With bidding occurring online in
real-time, suppliers can be more responsive and flexible, improving
their opportunities to secure the business.
Bringing Transparency to the Procurement Process
In contrast to a hard copy, fax, or even e-mail response to an RFP,
in which the bidder makes a best-guess offer that is static throughout
the competitive bidding process, in online, real-time situations a supplier
can reevaluate and adjust a bid in response to other bidders' offerings.
Knowing what other bidders are proposing adds transparency to the process
that a closed- or sealed-bid system cannot achieve. With access to real-time
information, suppliers can quickly respond to competition in a neutral
space. With Orbis Online's procedures, competitive bidders may see one
another's bids, but their identities are not revealed. Once the procurement
event is completed, the buyer may evaluate the bids, weigh the other
variables to be considered, and then make the award.
Orbis Online can facilitate the procurement event as much or as little
as the buyer wishes. Orbis can handle the entire process, but Orbis
Online's patent-pending solution allows customers to set up and run
their own auctions, if desired. Orbis' platform is web-based and platform-independent
to ensure reliable and consistent delivery of user-friendly services
to both buyers and suppliers.
About Orbis Online, Inc.
Orbis Online, Inc., headquartered in San Antonio, Texas, offers patent-pending
dynamic competitive pricing tools that significantly reduce the cost
of products and services versus historical procurement methods. Orbis
transforms the traditional competitive bidding process into more powerful
events that are live, online and worldwide. Orbis' value proposition
is unique. The superior functionality of the solution includes all the
benefits customers can normally experience only by purchasing or developing
custom systems and requires no up-front costs or software installation.
For more information about Orbis Online, Inc., please visit our website
at www.OrbisOnline.com, or call (210) 576-7600. Demonstrations of Orbis
Online's unique auction platforms are available at the website: www.wsdemo.com
or can be facilitated by contacting Orbis Online directly.
Reader Contact Information:
Orbis Online, Inc., 100 NE Loop 410, Suite 500, San Antonio, TX 78216,
Tel: 210-576-7600, Fax: 210-576-0760, www.orbisonline.com, marketing@orbisonline.com.
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