Federated Sample Launches Fulcrum Bid Manager

NEW ORLEANS, April 2, 2014 /PRNewswire/ -- Federated Sample announced today the release of Fulcrum Bid Manager, a new technology solution revolutionizing the sample bidding process by providing a robust, centralized platform that allows engagement with any supplier regardless of their availability on the Fulcrum Exchange. This new tool integrates the benefits of advanced enterprise management software to manage, track and centralize the online sample procurement process while also providing suppliers with a standardized method of responding to requests. The Fulcrum Bid Manager was developed specifically to change the bidding experience and target research agency's largest budget line items by positioning bidding to compliment the rest of the research process in an efficient and value-adding manner.

"Our users pushed us to build a solution for the bidding process that would provide flexibility while helping them gain control and management insight over one of their largest expenditures," said Michael McCrary, President of Federated Sample. "There are a plethora of available DIY sampling and feasibility tools, yet until every possible source of sample is available on one tool, customer's pain point has not actually been solved. Fulcrum Bid Manager directly increases operational efficiency and improves results for sample management teams globally through its unparalleled transparency and access to connect directly with the widest collection of sample providers in the Industry."

Importantly, market research firms now have the capability through Fulcrum Bid Manager to centralize their entire account's bidding activity on a single platform, giving them previously unavailable insight into exactly whom they bid with and how effective suppliers perform over time. Research buyers also have the power to search through historical data and past supplier mixes to optimize and expedite the process. In addition, Fulcrum Bid Manager seamlessly integrates with the full suite of Fulcrum products including Fulcrum Exchange, Fulcrum Field Manager and Fulcrum Optimizer further streamlining the sample bidding experience.

For sample suppliers, Fulcrum Bid Manager provides timely and standardized communication among the expanding network of Fulcrum buyers, increasing revenue potential as well as access to detailed, real-time reporting to track and optimize the bidding process.  

McCrary notes, "Bid Manager is fundamentally shifting how the Sample Industry views and implements bidding by moving the process to an efficient platform that has positive operating impact for both buyer and supplier."

More about Federated Sample:
Federated Sample is the global technology firm delivering efficiency, transparency and automation to the sample industry through its flagship product Fulcrum. As the first truly open sample exchange platform, Fulcrum directly connects buyers and sellers to ensure high quality, cost-effective transactions with increased automation. A dedicated Fulcrum expert supports each client in addition to a superior 24/7 help desk.  In 2013 alone, more than 200 supply partners, across 65 countries delivered close to 10 million completes on the platform. Fulcrum's suite of tools includes Fulcrum Exchange, Fulcrum Bid Manager, Fulcrum Field Manager, and Fulcrum Optimizer.

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SOURCE Federated Sample