Oxfordshire, April 11th 2019 – Commerce Decisions and OMX, two leading procurement software solution providers, have entered into a partnership to offer advanced evaluation solutions and services. The two companies’ joint capability will integrate supplier discovery, evaluation planning and preparation, and bid analytics together with the delivery, tracking and reporting of social value.
“Teaming up with OMX will help to provide customers with a collaborative platform for accessing procurement opportunities and analyzing the economic impact of the organizations in a variety of complex global supply chains” said Gavin Shepheard, Sales & Marketing Director at Commerce Decisions. “This partnership will also enable our companies to expand our reach globally, particularly into those sectors that are focused on delivering true value for socially focused procurements.”
The partnership between Commerce Decisions and OMX exemplifies the companies’ joint dedication to supporting the varied complexities of global, socially focused, complex and strategic procurements. In recent times, social value (also referenced as community benefit, sovereign prosperity, social license and various other terms) has become a priority for many organisations to achieve local impacts by leveraging their procurement globally. Increasingly, they are considering their activities holistically, taking account of the wider economic, social and environmental effects of their procurements with a view to delivering local economic value.
This integrated solution helps to address the two main challenges faced by organisations in the successful delivery of social value benefits. Firstly, it supports project teams in the building of an effective criteria set to drive the best possible socially-focused solutions from suppliers, and secondly, once the contract is awarded, it facilitates the tracking and measurement of the promised value, verifying that it is delivered.
“From the posting of tenders, to the evaluation and selection of the best solution, through to the tracking of socio-economic impacts and analyses, our partnership with Commerce Decisions will expand OMX’s geographical reach”, says Nicole Verkindt, CEO of OMX. “It provides our users with even more data and insights across global supply chains, particularly in the public sector.”
“By linking Commerce Decisions’ evaluation platform with OMX’s tracking and analytics platform, we will be offering the most comprehensive strategic procurement and delivery solution on the market,” adds Philip Lear, International Account Director at Commerce Decisions.
The OMX platform provides access to hundreds of thousands of organizations by region, size, diversity elements and capability. It also contains a robust transactional system for connecting companies through collaborative data and document management. The platform generates real-time analytics and socio-economic impact reporting to measure, track and report on organizational spend impacts. OMX is a technology platform specialized in procurement and maximizing socio-economic impacts. With high profile clients such as the Government of Canada, Suncor, Goldcorp, VARD and General Dynamics, OMX’s reach is expanding internationally.
About Commerce Decisions
Commerce Decisions offers AWARD® procurement evaluation software, thought-leadership and expert services to support strategic, complex, high risk sourcing projects.
Commerce Decisions is an acknowledged global leader in procurement best practice, with extensive experience in working with clients to successfully build appropriate and robust assessment schemes. In the Defence domain, Commerce Decisions has the unique position of providing support to the majority of UK MOD acquisition projects; internationally, Commerce Decisions has supported strategic programmes in Canada, Australia, UAE, Finland, USA, Saudi Arabia, Brunei and for NATO. Commerce Decisions was recently awarded the contract to support the Government of Canada’s Future Fighter program that will see Canada’s fighter fleet replaced with 88 advanced jets.
For more information about the expert procurement solutions offered by Commerce Decisions and/or OMX, please contact: