January 2018 Product Updates

January 2018 Product Update

Introducing Vendorful product updates released in January 2018:

Reverse Auctions

In January, Vendorful released a major new feature: Reverse Auctions! Vendorful’s intuitive reverse auction platform provides a transparent and painless experience to both buyers and suppliers, allowing buyers to maximize savings and value without alienating and frustrating their suppliers. Check out highlights of the auction platform below:

Reverse Auction Realtime Bidding DisplayReverse Auction SetupReverse Auction Bid History

Pricing Table Enhancements

As of January, Vendorful’s RFx pricing table now supports target quantities, which are shared with suppliers to allow them to provide the most accurate pricing possible. Check out the changes below:

Pricing Table SetupPricing Table Results

To try any of these features yourself, sign up for a free Vendorful account.

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