Negotiation and
bid optimization

Drive increased supplier competition and navigate negotiations with eAuction.

eAuction is a dynamic solution designed to revolutionize your procurement negotiations by fostering increased supplier competition and streamlining the sourcing process. This platform empowers organizations to achieve optimal deals efficiently and transparently.

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Key benefits

✓	Market price discovery: Quickly determine the true market price through real-time competitive bidding, leading to an average savings of 13-17% compared to current pricing.
✓	Accelerated negotiation cycles: Streamline negotiation processes, reducing cycle times by up to 50%.
✓	Cost savings: Achieve 2.4 to 2.7 times more cost savings on spend sourced through eAuction.
✓	Transparent supplier comparisons: Provide clear, comparisons for bidding companies, ensuring fairness and informed decision-making.
✓	Template reusability: Increase efficiency with a 46% rise in the reuse of standard templates, promoting consistency across sourcing events.

Key features

^★	Automation and standardization: Utilize features such as pre-set parameters, automated bid evaluation, and instant communication.
★	Configurable bidding rules: Deploy numerous, customizable bidding rules to tailor each event to specific sourcing needs.
★	Multiple auction types: Leverage various auction formats, including Japanese, Dutch, Reverse.
★	Supplier credibility: Build sustainable relationships with suppliers through full process and selection transparency, fostering trust and long-term collaboration.
★	Efficient negotiations: Automated bid analysis ensures quick and accurate evaluation, allowing buyers to secure optimal deals in record time.
★	Improved communication: With automated notifications and real-time interaction, suppliers remain informed and engaged throughout the process.

Full overview