We are thrilled to share the launch of a new feature, E-Negotiation. With this functionality, you can easily initiate a negotiation round with suppliers, sharing how competitive their proposals are relative to others and encouraging them to submit their best bid.
Glo calculates each proposal’s rank by cost relative to others and the percentage difference to the lowest bid, making it easy for you to compare and control costs. Emails to suppliers are automatically prepared with anonymized information, ensuring they do not show the identity or count of other participating suppliers. Prior to sending the emails, you can preview them so you know exactly what suppliers will receive.
Customers have the flexibility to turn off the "relative rank" and "% difference to lowest bid" options that are shown as part of this feature, based on their company processes.