A tender management system, either manual or electronic, is required to ensure an effective and efficient process for:
the buyer who wish to source products or services and
the seller who wish to bid to supply a company.
Managing tenders is very time consuming exercise and a lot of paper work is involved. Manual systems have some merit but are prone to errors and cannot deal with growing volumes of tenders to be managed by both buyers and sellers.
INI technologies offer iTender – Online tender management software which helps a company to effectively manage complete life cycle of a Tender starting from purchase department of a company releasing a purchase intend, Tender publishing, registering of vendors to participate in tender , tender evaluation, selecting a vendor against particular purchase inten and issue PO.