As an RFX initiator, you can issue your own individual tender specifications in a matter of minutes using the Category One RFX Tool. The user-friendly, intuitive interface also helps to facilitate control. The definition of quotation positions and the notification of participants are dealt with from your personal virtual trading desk, meaning convenience for both the purchaser and supplier.
The RFX Tool supports a broad variety of set-ups to allow for the optimal structuring of the online RFX process. It can be used by individual initiators or consortiums, set up ad hoc in order to increase negotiation power.
Four RFX formats are available:
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Single-position RFXs: In this simple RFX format the initiator can create RFXs with a single item. The number of RFXs is not limited.
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Multi-position RFXs: The initiator can set up a specific price model (e.g. on variable prices per unit, one-time prices, non-calculated prices,) and additional information he wants to have answered by the bidders (e.g. material, date of starting work, warranty terms, etc.). The number of items is not limited.
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Multi-Lot RFXs: The initiator can group RFXs into lots and arrange for a multi-lot RFX; Bids can be awarded individually on every lot. The number of lots is not limited.
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Multi-Round RFXs: The initiator can define several RFX rounds. It is possible to go from an RFI to an RFP or RFQ. After each round bidders who did not reach pre-defined limits can be excluded from the next round.
You Benefits
- Time savings in supplier research
- Product definition and tender realization
- Monitoring incoming and ongoing quotations
- Optimized decision-making
- Improved Time-to-Market
- Enhanced market transparency (process, products, suppliers)
- Comparable quotations through flexible criteria reflecting both price and non-price criteria
- Suppliers may be required to give specific data (compulsory fields)
- Increased productivity through online tenders and auctions: automation of processes, customized templates and standardized sourcing databases, automatic creation of documents, reports and analyses











