A Volume INNBATE can be posted by clicking on "Create a new INNBATE" (top right hand side on "MY INNBATES" screen - accessed through the Member Portal site's left hand menu.
A Supplier must have registered a Volume INNBATE to qualify for applying to a Buyer Request. The % INNBATEs and additional sales revenue threshold tiers are entirely at the discretion of the Supplier
The Supplier's Volume INNBATE, once posted, is generic to all Buyers procuring the Supplier's products or services through the Network. See Volume INNBATES Explained for a more detailed explanation
Once a Buyer starts transacting against the INNBATE, the terms submitted becoming binding on the Supplier in terms of:
The INNBATE's validity period (start and end date)
The % share of cost savings offered
The threshold tiers by which each different % share is triggered
Once offered, a Volume INNBATE can only change in a direction which is more beneficial to the buyers (ie. it cannot be reduced).
If a Supplier has reached a saturation point (eg. used all its spare capacity) it can simply choose to not respond to any other Buyer Requests. The INNBATE offer is binding on all Buyers linked to the offer already, but need not be extended to other Buyers completely at the Suppliers discretion - by deciding whether to respond to Buyer Requests or not
The Supplier can select applicable Buyer Requests through the "Search Buyer Requests" on the left hand menu of the member site.
Buyer Requests will, in most cases, detail who the Buyer is - though some organizations may choose to post their requirement anonymously
The Supplier is then invited to "respond" to the Buyer Request that it wishes to pursue:
at this point the Supplier is provided with an opportunity to post a Customer INNBATE (this is entirely optional)
the Customer INNBATE is specific to that particular Buyer
the Supplier can assess the % Customer INNBATE it is willing to share based on how attractive the Buyer is to the Supplier, or whether or not the Buyer is an existing customer. See Customer INNBATES Explained for a more detailed explanation.
A Supplier can choose not to "respond" to a Buyer Request - in which case the Buyer will not be aware of that Supplier's Volume INNBATE offer.
As Supplier INNBATE offers are submitted against a Buyer Request, INNOVO compiles a list of the Supplier applicant offers which can be viewed by the Buyer through the "MY REQUESTS" screen. INNOVO also sends the Buyer an email to let the Buyer know that a Response has been submitted each time a new Supplier applies to the Buyer Request.
The onus now falls on the Buyer to select the INNBATE offer(s) that are most attractive, and the Supplier(s) with who it wants to engage.
The Buyer selects a Supplier INNBATE offer by initiating a "handshake" on the portal. This triggers a change of status for the Supplier in the Supplier's "MY RESPONSES" screen, telling the Supplier to make contact with the Buyer. INNOVO also sends an email to confirm that the Buyer wants direct contact and provides all the relevant specific contact details of the Buyer decision maker.
The engagement process between Buyer & Supplier happens outside of the Network, and the Buyer follows its normal procurement process to determine supply terms (this will include product/service pricing, quality criteria, delivery, etc.)
Note that the terms of the INNBATE offer remain additional to the Buyer's normal procurement terms.
Once the Buyer & Supplier agree terms, the Buyer informs INNOVO that the INNBATE offer has been accepted through its "MY REQUESTS" screen, which is subsequently confirmed by the Supplier in the Supplier's "MY RESPONSES" screen (these are also confirmed by INNOVO generated emails). The INNBATE has now been triggered, and the Supplier will now send copies of all invoices relevant to the INNBATE offer to the INNBATE Engine.
Once the Supplier informs INNOVO that the INNBATE offer has been triggered, INNOVO takes the Supplier through an on-boarding process which explains the process for sending copy invoices.
Invoices received resulting for transactions through INNOVO are captured in the INNOVO INNBATE Engine, which then calculates the INNBATE payable at the end of each period through monthly statements.
INNOVO then invoices the Supplier for the INNBATE amount payable, and issues a Remittance Advice to each Buyer detailing the share of savings that they have accrued (with the Buyer's relevant invoice number details to allow reconciliation)
The Buyer has the opportunity to raise a query with INNOVO if the Remittance Statement is incorrect, and INNOVO will work with the Supplier to resolve any queries.
As soon as payment is made by the Supplier - it is immediately disbursed to the relevant Buyers according to the Remittance Advice statements.