Have suppliers come to you – save time, money, and find the best deals in a competitive environment. And earn new revenue while doing it.
How does it work?
How much money can your company earn back per RFP on Vintro’s Procurement Marketplace?
Vintro recommends you set the price to pitch you for a given RFP at the square root of the order size. If the order size is $1,000,000, the price per 10-minute pitch should be $1,000.
“We aim to recoup about 2% of our $10 billion annual spend by using Vintro’s Procurement Marketplace. That’s $200 million in additional revenue to our bottom line – $5 billion in additional market cap with our PE ratio. All while finding better deals in a competitive environment.”
Chief Procurement Officer – NYSE Listed Company, New York
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Frequently Asked Questions
Is Vintro Procurement free for procurement officers?
Yes. Vintro Procurement does not charge anything for helping you find the best offers to satisfy your procurement needs. Vintro Procurement takes a small fee from the revenue generated every time a sales executive pitches you through Vintro – the rest is passed to your company.
What information does Vintro Procurement share with potential suppliers?
Vintro Procurement shares the same information with suppliers that procurement departments usually do in the normal course of finding suppliers. This includes what is being procured, in what quantity, and other standard information. Nothing confidential is ever passed to a supplier or uploaded to Vintro Procurement’s platform.
How many suppliers does Vintro Procurement work with?
Vintro Procurement works in tandem with Dun & Bradstreet to work with over 3 million companies to find the best suppliers for you to partner with. When you upload your procurement needs, Vintro Procurement finds the suppliers that can fulfill your order, and contacts them.
Is Vintro Procurement compliant with standard procurement/corporate governance policies?
Yes. Vintro Procurement is compliant with all corporate governance regulations and is used by leading F500 companies and SMBs alike so everyone can improve collaboration, transparency, and predictability across their procurement pipelines – ultimately mitigating supply chain risks and enabling a diverse, compliant supply chain.
Can Vintro Procurement help me procure from ESG-compliant suppliers?
Yes. Vintro Procurement allows you to filter what types of companies can see your procurement needs/RFPs so only companies meeting your compliance standards (such as companies that meet your ESG or regulatory supplier criteria) can see your procurement needs and pitch to you.
Is Vintro Procurement designed to be used by whole procurement teams?
Yes. Vintro Procurement can be used simply and seamlessly by whole procurement teams to find the best suppliers for any RFP. Vintro Procurement is designed with executives, directors, managers, controllers, buyers, sourcing specialits, and analysts in mind, catering to all stakeholder needs. It’s easy to use and you don’t have to be tech-savvy.