Why should I run an eAuction?
"To get the best value for both buyer and supplier" In a traditional tender process suppliers only get one chance to put forward a price. An eAuction enables multiple opportunities to bid, it gives all parties an up to date insight into market positioning and the supplier can decide their ‘walk-away’ price, and view their rank throughout the auction event. For the Buying organisation, the best market price is generally achieved.
"Efficiencies and Audit ability" Typical eAuctions take around 30 minutes to run and the buyer is immediately aware of the outcome of the tender process. eAuctions also offer a completely transparent process for both buyer and supplier, it is essential however, that good preparation beforehand will ensure that you have the best auction possible.
"Environmental savings" There will be no need to notify participants by post, as there is an online secure messaging facility. Participants can take part from their own offices, without having to travel or send bulky documents through the post. There is no geographical limitation, as buyers and suppliers can be located anywhere in the country and almost anywhere in the world.
