Morrisville-based SciQuest, Inc. (www.sciquest.com), has added reverse auction and supplier management capabilities to Sourcing Manager - an on-demand bid management solution that helps organizations move away from the traditional paper-based bid process. The newly added functionality enables an organization to conduct real-time reverse auction events.
Among the services allowed under SciQuest's solution: creating an auction, inviting suppliers, previewing the auction, monitoring and controlling the auction, tabulating auction responses, graphing auction results and automatic archival of auction history. The solution also provides a supplier portal to manage profiles, view events, enter responses, send messages, and see awarded items.
SciQuest is a CED member.