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Source & Qualify Vendors

Are you looking to increase your qualified competition and centralize your bidder database?

Overview

Managing a buying organization’s vendor database can be a daunting task. Ensuring that databases are filled with qualified vendors to compete for every RFP is equally challenging. For over 15 years, we have provided solutions to help buying organizations of all sizes streamline their vendor management and purchasing process.

Key Challenges:

How MERX4 Helps

Vendor Management

MERX4 has all the tools you need within its SaaS solution to automate the bidder and vendor management process. From vendor registration to evaluating and awarding opportunities, our customers have eliminated the manual steps within procurement vendor management.

Key Challenges:

Maintaining your bidder & vendor database

We understand the importance of up-to-date vendor information within your organization. Maintaining a bidders list and keeping up with vendor contact information can be a full-time job. Offload the time-consuming burden of bidder management to MERX4 and allow your purchasing staff time to focus on other procurement initiatives. Bidder registration using the MERX4 bid system is simple and easy. Vendors register themselves with business and contact information that is kept up-to-date automatically. Keep your vendor information current and identify new potential vendors as they register on your MERX4 system. MERX4 also has a dedicated Vendor Support team available Monday-Friday from 7 am to 8pm ET to answer technical or registration questions from vendors.

Keep and attract new vendors

MERX4 customers reduce procurement cycle downtime and streamline unnecessary costs by centralizing their qualified vendor pool. MERX4 provides its customers online access to view complete vendor profiles at a glance. While registering, vendors select from various categories and business types that best match the goods, services or construction services they provide. This information is then displayed for buyers to see which bidders meet the requirements of a specific RFP or quote request. Qualified bid competition is key to the procurement process.

Need even more vendors for a select project? Access the MERX4 database of qualified vendors to increase competition by posting your call for new vendors and reach an audience of over 75,000 active MERX4 users. MERX4's configurable registration form ensures that vendor pre-qualification options meet the needs of your buying organization.

Qualify vendors and increase qualified bidders

MERX4 incorporates configurable processes for all regulatory and business compliance requirements. Extensive reporting features allow you to explore registered vendor attributes such as industry certifications, location and internal business compliance options. MERX4 automates the notification and collection of vendor certifications you request such as WSIB & Worker’s Compensation forms, insurance, terms & conditions, contracts, financial or other key documents. MERX4 manages the document repository, alerts vendors when documents require their attention and allows them to self-manage their profile, so you don’t have to.

Online pre-qualification forms can be set up for specific bid opportunities or for your buying organization as a whole. Moving the buying organization’s pre-qualification form online is a seamless process and reduces your spending on bond and compliance fees. Qualifications and certifications status or other internal criteria are configurable to your organization and stored in your online vendor database, which can then be used for reporting and bid distribution to specific groups of vendors using “By Invitation” bidding.

Vendor Rotation

MERX4's Vendor Rotation feature automates your entire contractor rotation process with a few simple clicks. With configurable rotation requirements you set, vendors can be easily segmented for rotational bidding opportunities. Ensure competency and compliance while diversifying your vendor pool with MERX4.