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marketingQ Vendors, RFPs, Auctions

 


Project Summary

marketingQ helps the client to bring efficiency into their procurement functions. The product consists of Web Services and a Web Application. marketingQ will enable the web service consumers to build a system to procure goods and services at the most cost effective prices by hosting reverse auctions.

Reverse auction works very much like a normal auction except that the bids keep decreasing and the auction is hosted by the buyer. The buyer posts a request and a suggested starting price for sought goods and services. The request can be for products or services. Suppliers who can provide the goods or service then ‘reverse’ bid against each other to secure the sale. The bidder who can offer the buyer the requested products or services at the lowest, most cost effective price wins the bid.

This creates a very lucrative environment for both the buyer and the seller. The trading is reinforced by a strong rating system.

marketingQ consists of the following web services:
1. RFP
2. Registration
3. Vendor Database
4. File Cabinet
5. Reverse Auction

The web services have been developed using XML, VB.NET and SQL Server 2000.

The marketingQ web application is the place where buyers conduct online auctions and invite vendors to participate in the auction.

Important features include:
1. Easy wizard for RFP creation
2. File Management Services
3. Vendor Rating System
4. Proxy Bidding

The web application consumes the web services and has been developed using ASP.NET, VB.NET.

 
 
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