How it helps:
Gives the Buyer a real-time snapshot of the status of Quotations for Small Purchases (QSPs), Invitation for Bids (IFBs), Request for Proposals (RFPs), and Request for Qualifications (RFQs).
Key business value:
Enables the Buyer to view the status of individual bids by Vendor. The Buyer can also determine probability that enough Vendors will bid on the solicitation.