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online bidding system’s services to supplier

As information and network science and technology develops, online bidding is gradually becoming a mainstream model in electronic procurement. Usually, online bidding is closely related to the supply chain management of an enterprise. Many multi-national companies or large manufacturing enterprises, propelled by ERP management model, are carrying on the establishment of their own online procurement systems by which information cohesion and share between enterprise and supplier can be realized. However, due to insufficiency of internal motive, small and medium sized enterprises are more intending to rely on external force, that is, business platform, than building online procurement system by themselves. As a result, in B2B field, small and medium sized enterprises are depending on procurement platform which has become the main force of B2B development more and more to proceed with their e-commerce activity. Online bidding system not only simplifies supplier’s business negotiation procedures, reduces supplier’s previous work such as promotion, contact and public relation and decreases the operation cost, but also provides totally new business opportunities to suppliers.

ChanceOL online bidding system has combined perfectly bidding procurement with online price competing. Suppliers from different places can obtain bidding information from ChanceOL and make reversed quotation. By doing so, ChanceOL succeeds in providing a fair, equal and open bidding environment.

Different from traditional bidding model in which supplier makes quotation in darkness (means supplier has no way to know his ranking in the bidding), ChanceOL has the instant-quotation-display function through which suppliers can learn his ranking in the bidding and hence the competitive ability of his price. Moreover, supplier can revise his quotation any time during the bidding process. When the bidding is over, buyer will evaluate each supplier who has joined in the bidding in a comprehensive way based on supplier’s quotation and then make his choice. This kind of bidding process offers a platform on which supplier can obtain market price and test his competitive ability.

Being a supplier user of ChanceOL bidding system means that supplier can not only join in the bidding which is going on right now, but also get more similar bidding opportunities (we will invite supplier users to join in similar biddings). The benifit is that supplier will enlarge his business scope, reduce his promotion cost and grasp more procurement businesses from buyers.

ChanceOL is committed to the establishment of business partnerships between supplier and buyer, to the mutual win of supplier and buyer. ChanceOL is making efforts to achieve the goal of supply chain e-commerce integration. We hope you can join us!