Tender Retail is a platform TakeIT built for a retail chain to run its procurement through online tenders. The company publishes tenders for the goods or services it needs, and suppliers from different countries submit their prices directly on the platform.
Each supplier sees the open tenders and submits an offer for the ones they are interested in. The procurement team receives every proposal in one place and in a consistent format, so offers are easy to compare and the best one easy to pick.
The platform replaces email threads and spreadsheets sent by hand. Procurement becomes faster, more transparent and open to suppliers from abroad, which widens competition and helps secure better prices.