SHARE: Launches App for Benchmarking Bids

Tuesday, November 1, 2016

Online manufacturing marketplace has launched a competitive-analysis software application, ShopIQ, designed to help suppliers and manufacturers benchmark their bids against quotes from competitors. The goal is to eliminate labor-intensive manual data reviews and deliver real-time analyses across dimensions such as manufacturing process, geographical region, material and shop certification, according to site officials. With the app, available to paid subscribers of, manufacturers and suppliers have the ability to zero in on the jobs they are more likely to be awarded and offer bids more reflective of the marketplace.

With ShopIQ, suppliers and manufacturers can identify their ideal customer acquisition strategies, better gauge quotes on which to bid and determine optimal pricing.



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