Generating significant cost and time savings are key essentials for any business or organization. In many developed countries, the use of procurement tools such as eBidding has proven to be highly effective in 1) improving the speed of how an organization purchases their goods and services, and 2) getting value for what the organization purchases.

Being one of the local forerunners in Spend Management, Privasia Sdn Bhd’s forte lies in providing a combination of procurement best practice know-how and their eprocurement tools.

Privasia’s knowledge and proficiency in eBidding implementation has delivered great results to various local organizations around Malaysia. Procurement transactions from various goods and services and categories have resulted in Privasia delivering an average 30-50% in savings for their clients to date.

The key delivery of the results derives from the expertise and experience that Privasia has in the procurement field. This includes having a thorough process of pre-qualification of suppliers and ensuring that they (the suppliers) fully understand the specifications and the terms of the contract before submitting their price quotes.

Having a pool of reliable suppliers within its database also helps in the sourcing work and enables Privasia’s clients to access to a wider choice of suppliers. Subsequently, utilizing the eBidding tool to negotiate real-time on an online eBidding platform enables suppliers to compete fairly on a level playing field. This method has proven time and time again to deliver the best market pricing.

Other benefits derived from eBidding for the buyer also includes transparency of the buying process, saving time from manual negotiations and having good corporate governance. All equally important factors of running an effective and efficient procurement department.

In terms of the benefits to the suppliers, suppliers gain valuable operational and cost efficiencies by being able to access and submit bid documents electronically.

Suppliers will also benefit from being able to have access to a large number bid opportunities in a single reliable location, streamline and automate their bid-submission process, thereby increasing the time available to prepare responsive bids and proposals, improving bid-submission quality and compliance, and hence lowering the cost of their bidding process.