Process

While commodity brokers and exchanges leave you with only vague procurement advice, Co-exprise MarketPlace lays out a totally transparent step-by-step sourcing process that achieves best market price for your organization:

Phase One:  Customer Assessment/Bidder Qualification.
We review your historic and projected usage requirements, budget parameters as well as your current commodity contract, and its terms, conditions and pricing.

In preparation for bidding, we prepare a detailed Request For Quotation based on your needs. We then arrive at best terms and conditions by collaboratively and carefully reviewing the RFQ with a comprehensive list of highly qualified bidders.

Phase Two:  Co-exprise “Market Insight™.”   
The Market Insight phase provides customers with a comprehensive, understandable summary of their own commodity marketplace. It captures and compares the regional pricing of MarketPlace customers; validates paper bids specific to customer accounts; assesses bidder competitiveness and monitors market indices.

Phase Three: Achieving Best Market Price.
The activities described in Phases One and Two (above) typically result in a competitive Internet-based negotiation/ auction.

The results are submitted to the customer with a recommendation that represents best market price with best terms and conditions. A contract is then awarded to the most competitive bidder.

Phase Four: Ongoing Contract Management
Co-exprise MarketPlace stays with you long after your commodity contracts have been awarded. We carefully audit your invoices to assure that the awarded bidder and negotiated best market price are, in fact, implemented. Then we continue to monitor market indices and marketplace price feedback to best position your organization for optimum contract renewals.