What does SupplyBlock do?
Blockchain-Powered Technology Solutions
core features
Active Compliance
Proactive and early warning notifications alert users of expiring documents, key cut-off dates and incomplete information – thereby enforcing compliance throughout the automated process.
Holistic Technology Solution
Both RFX originator and bidder use the same platform to ensure a holistic procurement solution that services the full procurement value chain.
Secure Audit Trail
The ability to audit and track transactions across the entire end-to-end process (blockchain logged) ensures operational excellence.
Integrated Decentralized Ledger Technology
Provides evolutionary advantages with regards to process and data integrity.
Customizable
Platform configuration is template driven…it is easily customizable and offers specific components on a modular basis depending on the user’s requirements.
Automated Scoring
Advanced scoring and reporting mitigates risk of manipulation and corruption.
Technology Offering
SUPPLIER MANAGEMENT
SupplyBlock technology solves problems associated with supplier verification, categorization and active compliance through a combination of manual and automated verification processes.
COMPETITIVE BIDDING
SupplyBlock provides an innovative, easy-to-use blockchain integrated technology platform that is both process & cost efficient, secure and completely auditable across the entire value chain.
SMART PROCUREMENT
SupplyBlock technology limits risks associated with miss-spent funds and aligns procurement processes with complicated global and country specific macro requirements and challenges.
VENDOR RISK & COMPLIANCE
SupplyBlock’s Vendor Risk Assessment tool enables automated rating of service providers and the overall risk they pose to not only to the company but to their clients as well.
A Proactive
business-to-business solutions platform
A dynamic interface allows for easy configuration and customization. Modules are designed to be user friendly and efficient and can be deployed to meet ever-evolving business needs.
Features and functions
Over and above the core functionality, examples of Key Enhancements built into the system design include:
Reverse / Forward Auction
This feature usually has a timeframe restriction in which bidders can see other bidders bid prices and can out bid their competitors e.g. asset disposal. Bidder identities are disclosed to the RFX originator but remain anonymous to their competitors.
Irregularity Flagging
Automated flagging is built into the system configuration to identify anomalies based off numerous data points. Machine learning ability enables the system to learn traits of users and to notify admin in the event of an anomaly.
Best & Final Offer
Allows the RFX creator to reset a supplier’s bid to “requote” to allow them to refine their offer and resubmit it into the process. This leads to more competitive bids.
Data Analysis
Ability to download report information into Excel for long-tail analysis, interrogation and scenario outputs of data in system.
Template Creation
Allows users to easily create templates for various sections of the RFX document e.g. NDA’s, legal notices etc. This significantly improves time spent on creating new bids in the system.
Continuous Verification
Using best in class verification APIs, suppliers are continuously polled to ensure proactive identification of potential changes which may introduce increased risk.
“We understand the challenges associated with digitizing and simplifying business processes in order to optimize operational efficiency. ”
Stuart James
“SupplyBlock is at the forefront of innovation in the operational resilience, supply chain optimization and digital solutions space. We pride ourselves on meeting customer expectations in a rapidly changing market.”
Werner Coetzee
Request a Consultation
The world economy is under distress. The ability of organizations to continue to provide business services in the face of adverse operational conditions is essential.
Solutions that can improve operational efficiencies and overcome traditional challenges such as corruption and gross mismanagement of funds are highly desirable.
auditable Transparent technology solutions
Our holistic solution allows suppliers to reduce their risk by using template-based forms which greatly reduce time taken to complete assessments and help in eliminating errors and omissions in their returns.
By combining Modules, organizations can further increase efficiencies for both the organization and Supplier by ensuring that the entire risk and assessment cycle becomes less prone to errors, faster, more efficient and 100% auditable.
Proudly supported by
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- nFold
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- Lima
Business hours
Mon – Fri …… 8 am – 5 pm (SAST)
Sat, Sun ....… Closed
We strive to reply to all email enquiries within 24 - 48 hours.