Uplogiq is a tool that significantly reduces acquisition costs based on a logical concept, as simple as efficient, encouraging suppliers to compete on an electronic platform in an open and transparent way for bid requests and orders placed by the acquiring company.

Any company seeking to reduce the costs of purchasing raw materials, services, and related materials.

A request for quotation is completed in the Uplogiq platform by the buyer and sent to suppliers in less than three minutes. Suppliers submit their offers in the platform and a ranking is generated and viewed by vendors and buyer in real time. Suppliers thus enter a direct competition and a competitive environment that generates discounts is created and implicitly leads to a significant reduction in acquisition costs.
Classically, offer requests processes, offers centralization, analysis and separate negotiations with each supplier are time-consuming. By using this platform, the time allocated to these processes is substantially reduced and implicitly leads to reducing the costs associated with these processes.

The platform can be used by the acquiring companies (buyers) on a subscription basis. The subscription costs are based on the number of users within the acquiring companies, but they are small compared to the cost savings achieved.
Suppliers invited by the buyer have free access to the platform.

Suppliers now have the opportunity to compete in a safe and neutral environment to sell their products or services, thus gaining visibility in their relationship with acquiring companies.

Yes, there is this possibility for the buyer to attach in the offer request any document considered relevant to each of the requested items or for the entire offer.
Moreover, there is an optional stage of qualification of the suppliers' offers in which the buyer can request and validate certain documents from the supplier, thus ensuring that the products / services offered by the suppliers correspond to the request.

There is obviously the possibility for the buyer to ask offers for a single item or service and for a full list of items or services as well.
Additionally, to gain speed and reduce potential errors during operations, the application offers advanced tools like import excel and duplicate auction.

No, the names of the competing companies are not displayed to the supplying companies. Only the buyer can view these names.

The buyer has the option, when setting the running conditions of the auction, to opt for extension of the auction with a number of minutes.
If changes occur in the first position of the ranking before the auction ends with the number of minutes selected, the auction will be extended with the selected time period, thus offering the possibility for the other suppliers to re-offer.
The buyer ensures in this way that in the moment of closing the auction has obtained the best price.