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MyFloridaMarketPlace

MyFloridaMarketPlace (MFMP) is the state's comprehensive eProcurement solution enabling efficient electronic buying, selling, and invoice payments. This initiative aggregates government spending to maximize purchasing power, improve operational consistency, and reduce processing costs. With over 99,000 registered vendors, MFMP connects agencies and businesses, facilitating quicker transactions and better access to information, including online catalogs and bid opportunities. The system supports strategic sourcing and leverages technology to generate savings, ensuring efficient government operations and fair access for all vendors, including minority and small businesses.

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MyFloridaMarketPlace

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  1. MyFloridaMarketPlace Public Purchasing in FloridaMyFloridaMarketPlace Brief June 4, 2008

  2. Background of the Initiative MyFloridaMarketPlace…Connecting Buyers and Vendors… Expanding Opportunities. • Governor’s initiative to implement a single, statewide eProcurement solution enabling electronic buying, selling and payments of invoices • Aggregate all Government spending into an efficient buying channel • Leverage new technology and capitalize on best practices • Generate savings through Strategic Sourcing and process efficiencies • All costs associated with the project are paid through the 1% transaction fee

  3. Role of MFMP • MyFloridaMarketPlace (MFMP) is the state’s “one-stop shop” for buyers and vendors of the State of Florida • Provides the full life cycle of purchasing (requisition to payment of goods and services) • Connects buyers and vendors through electronic exchange of catalogs, quotes, contracts, purchase orders, invoices, etc. • Integrated with the State of Florida’s financial system (FLAIR) • Supports efficient government by focusing on best practices • Maximizes the state’s buying power by getting the best value • Connects agencies with 99,000 + vendors • Buyers and vendors have access to MFMP 24 hours a day, seven days a week

  4. Buyer Benefits of MFMP • Better availability of purchasing information • Reduced cost of goods and services • Reduced paperwork through the approval process • Reduced overhead and processing costs • Faster order processing time • Improved consistency of operations • Improved quality of interactions • Online history for every purchasing and payment transaction

  5. Vendor Benefits of MFMP • Reduced marketing costs • 24/7 access to more bid opportunities and information • Equal access for small and minority businesses • Less paperwork and processing time • Improved quality of interactions • Faster payments

  6. Procure to Pay Process • Create purchase order • Select a vendor from the registered vendor list • Choose items from online catalogs • Approve requisitions based on agency and State Purchasing rules • Issue Purchase Order • Confirm availability of funds for making particular types of purchases by interfacing with FLAIR, the state of Florida accounting system • Vendor receives electronic purchase order • Agency receives good online directly against the original purchase order • Electronic invoices create an easy to use payment process • Enter invoice information • Approve invoice and submit to FLAIR, which issues the final payments to the vendors Pay Order Approval Receive Request FLAIR

  7. MFMP Contact Information • For additional information, please navigate to the MyFloridaMarketPlace site via the DMS website: • http://dms.myflorida.com • Click on the ‘MyFloridaMarketPlace’ link on the shortcut menu • For Buyer assistance, please: • Contact (866) 352-3776 or • BuyerHelp@myfloridamarketplace.com

  8. Historical Perspective We tend to focus on what is before us, our goals and objectives. Sometimes, it is important to take a look back and see how far we have come. Examples of Progress • 2004 Report to Legislature • 33,000 vendors • 15,700 CMBE/MBE • 2,800 users • 10,800 POs • 0 invoices • 0 catalogs loaded • 9 agencies • Many items planned • @ $7 MM revenue • 2008 Report to Legislature • 99,000 vendors • 32,000 CMBE/MBE (32%) • 13,700 users • 561,000 POs • 823,000 invoices • 875 catalogs loaded • 31 agencies w/ Leg. coming • Many items still planned but many items implemented • @$26 MM revenue

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