The  globally accepted practice in cost-effective procurement of goods and  services is the requirement to review three vendor bids (or quotations)  before making a "buy" decision. The purpose of this (near  universal) practice is to ensure the cheapest price which meets the  specification demanded and delivery time required. xChecker specializes on  this need.    With xChecker, buyers, purchasing managers and agents can achieve between 6  to 8% cost reduction (when measured against non-optimized spend) and 85 to  95% time savings (compared to manually processing quotes and offers before  issuing and tracking purchase or service orders)    In addition, xChecker provides:    ‚Ä¢ A unified core for data    ‚Ä¢ A dynamic flow of information    ‚Ä¢ Automated system to streamline human processes (such as vendor     negotiations and bid evaluation)    ‚Ä¢ Improved collaboration with critical suppliers    ‚Ä¢ Enhanced supply transparency    ‚Ä¢ Provide traceability and audit validation of bids    xChecker distils the scope of the bid and enables instant distribution of  the RFP (request for pricing) to a large network of pre-qualified and capable  suppliers to obtain the best current pricing in seconds compared to hours or  days previously spent using the manual systems typically used by SMEs.    The xChecker platform instantly displays reports that allow management to  make better informed and faster cost saving decisions. xChecker' s reporting  function provides senior management and other stakeholders greater access to  market pricing trends and analytics with more timely communication between  procurement staff and management.    These time savings and automating core processes, allow procurement staff  to focus their competencies on building more resilient supply chains and  helping their company to achieve its strategic goals.    If you'd like to explore what xChecker can do for your organization,  contact us via our website.