Transcript Ritpl - Plus Info Ltd.

Indian Fortune 500
Companies have one
thing in common
when it comes to
Reverse Auction (RA)
1
Total Spend Management Solutions:
• Spend Analysis
• Category Management
• eSourcing
• eTendering
• eRFQ
• eRFP/RFI
• Reverse Auction
• Forward Auction
• eProcurement
• Contract Management
• Supplier Management
2
About Us:
 A profit making Co. promoted
by eProcurement pioneers
 India’s First ISO 27001 Co. in
spend management domain
 Powered by a dedicated team
of 300 employees & partners
 Preferred Spend mgt. partner of
India’s fortune 500 Companies
 Pan India Network with Head
Office in Ahmedabad, India
3
Competitive Advantages
 We annually enable Spend in excess of
Rs.10,000+ Cr for Govt. & Pvt. Cos.
 Our Solutions are built using Free &
Open Source software for lower TCO
 We offer complete Spend Mgt. tools
integrated with ERP & other systems
 We comply to IT ACT 2000, CVC, PWD,
MDB, World Bank & other guidelines
 Our Global support desk offers 24*7
customer support, 365 days
 Service offered on SAS Model i.e. Pay/Event
Fixed Fee/Yr or Software License Sale
4
Our Customers >
Few of our Corporate Customers :
 ICICI Bank Limited (entire Group)
 Essar Group
 Gujarat Gas Limited
 Cadilla Healthcare Limited
 Sterlite Technologies Limited
 Delhi International Airport Limited
 Acme Tele Power Limited
 Noida Power Corporation Limited
 Motherson Sumi Systems Ltd.
 Maruti Suzuki India Ltd.
5
few more Customers >>
Some of our Indian PSU Customers:
 Bharat Heavy Electrical Limited
 State Bank of India
 Union Bank of India
 Bank of Baroda
 Kudremukh Iron Ore Company Limited
 Hindustan Newsprint Limited
 Mazagon Dockyard Limited
 Container Corporation of India Limited
 Bharat Petroleum Corporation Limited
 Indian Oil Corporation Limited
 Bank of India
6
Reverse Auction (Concept)
Start Price
Rs. 300 Lac
Let’s take anRs.example
Decrement
1 Lac
Savings
Rs.
-NA 1
- Lac
10
20
25
Lac
where
toMin
buy 10
50.00
Min
Time
Leftyou intend
60.00
30.00
1.00
4.00
0.00
Round
1
0
2
3
4
5
Bidders
Wind Tur bin es & your
estimated
costs&
is5 Min
Rs.300
Bid Bid
No
hasreceived
come in in
Last
last1 5min,
min,
will
Auction
be extended
closed
byawarded
Mn and for the same you
have short listed
4 Bidders.
Last Bid
Current Rank
Status
No Bid
Rs.
299 Lac
275
No
Rs. Bid
290 Lac
No
Bid Lac
Rs.280
No Bid
Received
-Awarded
NA auction
L1
-Let’s
NA
L
2 - keep the
3
1
times as 1 Hour with
- Minutes,
NA -Lextention
NA
1 2
3
of 5 Received
if
b i d s c o m e s - NA
in - last 5
Received
-L NA
1
2
minutes and decrement
a l-u e o f R s- .NA1- L a k h
-vNA
7
RFP Module
Market Making
Dashboard
RA Engine
Form Manager
RFQ Module
RA Configuration
Reverse Auction Modules
Security, CMS, Notification
User Management, Roles & Rights Management,
Work Flow Module
8
Reverse Auction Engine
Index Auction
Dutch Auction
Floor Price Auction
Transformational Auction
Preferential Auction
RA Variants Supported
Clock Auction
Rank Auction
Standard Auction
9
RA Engine Features
# 1 Auction accessibility
Open
Closed
# 2 Currency options
Single
Multiple
# 3 Auction staging
Standalone
Serial
# 4 Bid submission options
Manual
Auto / Proxy
# 5 Start price setting
Defined
As per 1st Bid
# 6 Bidder mapping options
For an Event
For Line item
# 7 Security Options
PKI Version
Non PKI Vr.
# 8 Top Bidders Compete
Allowed
Not Allowed
10
more RA Engine features
# 9 Line items/Event
One
Multiple
# 10 Bidders Mapping
For event
For line item
# 11 Closing date can be for
An event
Line item
# 12 Extension allowed
Fixed
Variable
# 13 Decrement Value
Fixed
Variable
# 14 Decrement can be in
As Value
As % of Bid
# 15 Decrement should be
Min. or more
Min. or multiple
# 16 Bidder Name to be
Masked
Unmasked
11
even more RA features
# 1 Dedicated micro website for conducting auctions
# 2 Ability to Block errant bidders from Bidding
# 3 View Live & Offline Bidders during an auction
# 4 Ability to reject bid, to save event from being scrapped
# 5 Ability to flash a message to bidders during live event
# 6 Ability to Pause / cancel an Live event
# 7 Clock showing Current, Lapsed & Left date & time
# 8 Easy to use Graphical User Interface
12
RA MIS Reports
# 1 L1, L2, … chart showing last bids of all bidders
# 2 Bid history of all bidders with date & time
# 3 Audit trail report tracking each & every activity
# 4 Details of Bidders along with his contact details
# 5 Auction Summary & Details post auction
# 6 Bidders Login Report & current status (online/offline)
# 7 Graphical representation of auction Progress
# 8 Till date report of Auction Conducted, Savings, etc.
13
Manual Negotiation vs Reverse Auction
Existing Manual Process
Reverse Auction
# 1 Need based procurement
Strategic Procurement
# 2 Closed Group Procurement
Open & Transparent Process
# 3 One 2 One Negotiation
One to One Competition
# 4 Fewer, Local Suppliers
More, Global Suppliers
# 5 Expensive Process
Process that guarantees ROI
# 6 Prone to manipulation, errors
Accurate & Trusted process
# 7 Purchase Manger Friendly
Suppliers & Stakeholders Love it
14
Our Achievements
 We enable more RA in India than any of
our competitor in terms of Value, etc.
 Single RA valuing Rs.380 Crore/ 3.8 Bn
successfully enabled for BHEL
 Single Event comprising of 67 Vendors
& 10 Line items enabled successfully
 Global RA supporting 5 different
Currencies successfully completed
 Single Event lasted for more than 14
Hours, which was planned for just 1 hr
 Average saving has been in range of 5 –
20% depending on product auctioned
15