ICOR ‘Optimiser’ - Online Auction Tool

Auction Lots are created for which selected hotels & venues meeting the sourcing strategy criteria are invited to join an online auction. ICOR has extensive experience in utilising a number of approved third party Online Auction Tools such as Ariba and Procuri. However, ICOR’s own proprietary ‘Optimiser’ is a unique online auction tool that has been specifically developed to provide live competitive pricing and weighting key customer buying criteria to ensure that the market is stretched to its ultimate potential. The competitive auction environment delivers immediate price collection from suppliers for immediate evaluation and organisation implementation. Pricing acceptance and supplier bid rejection can therefore be delivered online effectively and efficiently.

The key benefit of utilising the ICOR ‘Optimiser’ system is to focus management time on the results of a purchasing strategy not the process.

This unique online tendering tool drives purchasing efficiency compared to other traditional methods, releasing valuable management time for other activities.

This solution has been specifically developed by ICOR to, prepare, solicit and implement, in a highly competitive selling environment, an online auction for both accommodation and/or meeting rooms.

Unlike ‘standard’ commodity auction tools that only focus on price, the industry’s acceptance of ‘Optimiser’ has been excellent as it allows participating hotels and venues to incorporate their complete service offering to be assessed and matched in line with the customer’s buying priorities such as product quality, minimum service facilities and location.

The ICOR ‘Optimiser’ e-Auction technology has the flexibility to blend and weight, pricing imperatives and additional service requirements in order to deliver unit rates and value propositions that are based on the client’s specific instructions. The process is time efficient with immediate results.

Internal and external industry benchmark indicators are used at every stage of the process to ensure savings are optimised and will deliver ‘sustainable’ cost reductions to your business.

NB: Utilisation of both the ‘Online RFP’ and ‘Optimiser’ systems allows for significant levels of data capture including customer specific answers to questions required by the organisation.