eAuction Online Negotiation solutions

The online auction does not replace the whole buying process. A good eAuction is a well-prepared online negotiation. Before reaching this step of the buying cycle, you need to define your buying needs/requirements, source and qualify suppliers, run a tender (eRFx) and analyse its results (exactly as you would proceed for preparing an offline negotiation).The eRFx results will condition the way in which you'll build your eAuction event (which auction type, which display options, which eAuction rules).

Online auctions offer several advantages vs. a traditional negotiation

Greater transparency within the buying process
Methodical approach applied by all buyers of your organization
Supply base optimization
Access to specific event templates matched to your negotiation needs (English, Dutch, Japanese Auction types for example)
A repository for all your negotiations
Templates you can re-use
Significant cost savings through reduced purchase costs, increased contract compliance and process efficiencies, which can directly benefit your bottom line Visibility to eSourcing best practices for adoption across the organisation which will increase process efficiencies
Extended collaboration allowing the buyer to reach virtually across the organisation and to share information more productively with suppliers, increasing the transparency of sourcing decisions
Improved sourcing decisions through thorough approach in gathering accurate data, leading to an enhanced ability to implement the results

Why Procurra's eAuction tool rather than others?

Advanced but simple to use, for buyers and vendors
Multiple administration options covering company and user hierarchy and access rights
13 languages available, on buyer and vendor side
20 available event templates, including 7 for eRFx and 13 for eAuctions to help speed up event design creation
Uniform and transparent processes; information is centralised and easily accessible
Pre-qualification, evaluation and weighting of potential suppliers all possible
A full set of display options and event rules, enabled on-demand by the buyer.
A high level of system security.
A detailed audit log allows the tracking of all actions undertaken by the buyer and vendors.
Possibility to integrate the Procurra eSourcing suite to your own ERP systems
Management of your online negotiation results in the tool

Procurra eAuction key-figures

Over 2800 eAuction events in 2008
Over 3.9B Euro in Total Spend auctioned in 2008
Average 5 suppliers per event
Supplier Participation Rate of 64%
Average savings achieved in 2008: 12.7% from auction start price and 8.4% from current prices

eAuction savings

Would you like to know more?

To get in touch with a Procurra consultant please click here, this is purely informational, no obligations required. Do you want to know more about Procurra pricing? Please click here for more details.

Are you registered with Buyers Meeting Point?

Registered members of Buyers Meeting Point will get a 10% rebate bonus on their first order.

Creating an eAuction - Procurra will help you:

Select the most appropriate auction type
Select suppliers and invite them in the event
Define the event specifications
Create the bidding lines
Launch the event

Participating in an eAuction: a 100% hand-holding process

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Partners of Buyers Meeting Point believe in similar missions and values, we are proud to have collaborated efforts in this way. Please contact us for information on becoming a BMP partner.
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