iSource User Manual for Suppliers - Version 14.07.1.0
5. Clicking on the ‘Recall’ button will refresh the page and re-direct suppliers to the responses page where they can edit responses.
All responses will be retained as they were at the time of submission. Also the ‘Recall Response’ button will be replaced with ‘Re-Submit Response’.
5.6 Negotiated Pricing
For events where buyer chooses to conduct negotiation before finalizing the bids, on the supplier portal a new section called “Approve negotiated Pricing” will be visible under the Supplier Checklist wherein the supplier can review and approve/reject the Negotiated Pricing accordingly.
Zycus
TM
Inc.:
103 Carnegie Centre, Suite 117, Princeton, NJ 08540, Tel: 609-799-5664, Fax: 609-799-6047 www.zycus.com
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TM
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iSource User Manual for Suppliers - Version 14.07.1.0
So before analyzing and awarding the event, buyer can negotiate the pricing with the supplier which will help the buyers to negotiate a better deal with the suppliers.
Under the “Approve negotiated Pricing” section, user can get to view the Original Bid Value,
Negotiated Bid Value and % Change in Bid Value for each and every phase of negotiation.
Once buyer chooses to conduct negotiation, you will receive an email from the buyer inviting you to review the negotiated pricing and provide your approval for the same. In the email, along with the event details, you will also get your username and URL link for the event in the email.
Once you login to the supplier portal, on My Events page, the RFQ event for which the buyer wants to negotiate pricing will listed with the status “Negotiation in Process”
Click on enter event to enter the event and view the negotiated pricing. Once you have entered the event, you can:
Export Pricing Details: Export pricing details to view pricing for items in item table,
Approve: Approve the negotiated pricing.
Reject: Reject the negotiated pricing.
Zycus
TM
Inc.:
103 Carnegie Centre, Suite 117, Princeton, NJ 08540, Tel: 609-799-5664, Fax: 609-799-6047 www.zycus.com
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TM
Inc. 2014
iSource User Manual for Suppliers - Version 14.07.1.0
5.6.1 Export Negotiated Pricing
To view the negotiated pricing:
1. Click on Actions > Export Details
2. In the downloaded file refer the Summary worksheet for further details on negotiated pricing as shown in the below image.
Zycus
TM
Inc.:
103 Carnegie Centre, Suite 117, Princeton, NJ 08540, Tel: 609-799-5664, Fax: 609-799-6047 www.zycus.com
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© Zycus
TM
Inc. 2014
iSource User Manual for Suppliers - Version 14.07.1.0
3. In the downloaded file refer the Section worksheet for further details on negotiated baseline cost for items in the item table as shown in the below image.
5.6.2 Approve Negotiated Pricing
To approve the negotiated value:
Zycus
TM
Inc.:
103 Carnegie Centre, Suite 117, Princeton, NJ 08540, Tel: 609-799-5664, Fax: 609-799-6047 www.zycus.com
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TM
Inc. 2014
iSource User Manual for Suppliers - Version 14.07.1.0
1. Click on Actions > Approve. The Supplier Action dialog box will be displayed.
2. In the Supplier Action dialog box, enter comments for acceptance of negotiated price and click on Accept. User can also attach documents to support their reason for acceptance of negotiated price.
When the supplier Approves/Rejects a price the checklist label of "Accept Negotiation
Pricing" will get changed to "View Negotiation Pricing" until another negotiated prices comes to supplier for approval or rejection.
Suppliers can use the comment box to attach alternative pricing that is acceptable to them.
3. User can click on the View Comment icon to view the comments that were added by the user while accepting the negotiated pricing.
Zycus
TM
Inc.:
103 Carnegie Centre, Suite 117, Princeton, NJ 08540, Tel: 609-799-5664, Fax: 609-799-6047 www.zycus.com
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© Zycus
TM
Inc. 2014
iSource User Manual for Suppliers - Version 14.07.1.0
All the comments will be in chronological order, with the latest being on top along with date and time stamp as per the user profile format for all comments.
The status for the event on My Events page will get changed to “Negotiation Accepted”
5.6.3 Reject Negotiated Pricing
To reject the negotiated value:
1. Click on Actions > Reject. The Supplier Action dialog box will be displayed.
Zycus
TM
Inc.:
103 Carnegie Centre, Suite 117, Princeton, NJ 08540, Tel: 609-799-5664, Fax: 609-799-6047 www.zycus.com
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© Zycus
TM
Inc. 2014
iSource User Manual for Suppliers - Version 14.07.1.0
2. In the Supplier Action dialog box, enter comments for rejection of negotiated price and click on
Reject. User can also attach documents to support their reason for rejection of negotiated price.
Suppliers can use the comment box to attach alternative pricing that is acceptable to them.
When the supplier Approves/Rejects a price the checklist label of "Accept Negotiation
Pricing" will get changed to "View Negotiation Pricing" until another negotiated prices comes to supplier for approval or rejection.
3. User can click on the View Comment icon to view the comments that were added by the user while rejecting the negotiated pricing.
All the comments will be in chronological order, with the latest being on top along with date and time stamp as per the user profile format for all comments. The status for the event on My Events page will get changed to “Negotiation Rejected”
Even if the user has rejected the negotiated pricing, user will be able to Accept the negotiated pricing until the buyer closes the negotiation.
Zycus
TM
Inc.:
103 Carnegie Centre, Suite 117, Princeton, NJ 08540, Tel: 609-799-5664, Fax: 609-799-6047 www.zycus.com
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© Zycus
TM
Inc. 2014
