Highly complex bidding situations require a high-power sourcing approach. Bid optimization, which allows buyers to open up their market baskets to more suppliers and lets those suppliers "expressively bid" on the line items for which they can truly compete, comes with a downside: Analysis becomes infinitely complex, given all the potential bid scenarios. Bid optimization automates identification of the best options in these bidding situations. When is bid technology appropriate and how best to implement it?
Download The Hackett Group's Bid Optimization paper and you will learn:
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