eAuction

An online reverse auction price negotiation tool allows buyers to obtain the optimum market price for any goods and services. Pre-qualified suppliers compete in a secure, anonymous reverse auction environment to quote at the best market levels.

Reverse Auction Benefits

• Lower Purchase Costs - Head-to-head bidding intensifies competition between suppliers, resulting in buyers achieving the optimum purchase costs
• Time Savings - reduces negotiation period from days or weeks down to minutes or hours
• Transparency - Increases transparency for suppliers Measurability - Tangible and measurable results for the buyer to demonstrate savings
• Flexibility - any well specified product or service can be auctioned: goods for resale, core raw materials, hire and maintenance contracts, secondary materials such as packaging, or indirect company supplies
• Additional suppliers - Time saving allows buyers to include many more suppliers in the negotiation process

 

Our eAuction Service

We understand the buying process intimately, guiding the buyer at every stage. Our service covers all aspects of: 

• reverse auction planning and management
• advice on contract selection, auction rules and strategy
• supplier liaison and training
• event management
• technical and help-line support
• results evaluation.