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CariBid
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All across the world, eProcurement has established itself as an invaluable tool for companies to improve their purchasing costs, in less time and paperwork. At CaribExchange, our worldclass purchasing system CariBid, enables corporate buyers to conduct their own online Request for Quotes (RFQs) and lower prices on indirect purchases.

 
Get the Best Prices

CariBid gives buyers the best results with less hassle. Once suppliers are sent to an RFQ, they are asked to enter their lowest possible bid. The system then secretly bids on their behalf and keeps them competitive down to that limit.

Buyers prefer this method because it drives the price down more decisively than traditional bidding. Suppliers prefer this method because it cuts out all the haggling back and forth on price and the constant quoting and requoting. If a supplier has been outbid, the system will simply tell them.

Save Time & Paperwork
Suppliers want to win the bid, buyers want to get the best offer. It's as simple as that. CariBid takes the games out of purchasing and gets to that point quickly. Buyers need only submit their RFQ once, invite suppliers and accept bids online. Thus receiving the best prices, saving time and paperwork, with a system they can use on their own. By using our eProcurement system, both parties can get down to business with less time wasting.
     
     
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