Teradix

Teradix is a cloud-based procurement and sourcing management platform built for procurement and supply chain teams that need to digitize the full cycle from purchase requisitions through sourcing events and contracts.

Key capabilities include:

• Purchase requisitions and approvals to manage internal requests and control spend before purchasing.
• e-RFx sourcing events (RFQs, RFPs, RFIs, and tenders) with supplier collaboration features such as a centralized Q&A wall, in-platform communication, and offer comparison with export to Excel.
• Reverse auctions (e-Auctions) to run live competitive bidding with configurable auction preferences, real-time price feedback, and bid charts that show savings as suppliers compete.
• Supplier management with 360-degree supplier profiles, category-based supplier lists, engagement tracking, performance reviews, and tracking of legal and commercial registration documents (including expiration dates).

Available on Web (cloud application, including login and supplier registration via app.teradix.com).

Target users include mid to large enterprises that run structured procurement processes, especially procurement managers and supply chain professionals managing multiple suppliers and frequent sourcing events.

Notable for teams that need stronger audit readiness and transparency, the platform supports documentation and reporting for sourcing interactions and auctions, and it highlights potential savings of up to 25% through reverse auctions (as stated on the product site).