Ritpl - Plus Info Ltd.
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Transcript Ritpl - Plus Info Ltd.
Indian Fortune 500
Companies have one
thing in common
when it comes to
Reverse Auction (RA)
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Total Spend Management Solutions:
• Spend Analysis
• Category Management
• eSourcing
• eTendering
• eRFQ
• eRFP/RFI
• Reverse Auction
• Forward Auction
• eProcurement
• Contract Management
• Supplier Management
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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
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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
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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.
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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
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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
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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
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Reverse Auction Engine
Index Auction
Dutch Auction
Floor Price Auction
Transformational Auction
Preferential Auction
RA Variants Supported
Clock Auction
Rank Auction
Standard Auction
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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
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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
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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
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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.
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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
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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
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