Reverse Auctions are widely considered to be the most efficient negotiating tool for maximizing cost savings and creating value, it allows Buyers to discover market competitive pricing for raw material, capital goods or services.
eSupplier eSourcing platform provides simple and easy to manage eAuction tool which connects buyers and suppliers with ease. It is the easiest cloud based auction platform available in the market, simple user interface encourages real-time competitive bidding among supplier.
The sourcing tool does not restrict itself to the local market but with multi currency and languages capabilities cut’s down negotiation cycle time thus , Buyers can have a better control over there spend without damaging supplier relations.
eSupplier makes it effortless and user-friendly for Buyers to create auction events, at the same time suppliers find easy to bid, higher engagement results in maximum savings. Buyers can select various auction features based on product category.
Convert multiple round negotiations to single auction. Observe how suppliers drop their price in real time shorting your sourcing cycle time by weeks to hour to achieve best market rates.
Auctions are undoubtedly a cost effective tool to increase competitive pressure on suppliers thus reducing your sourcing spends providing you better control.
It serves as a Spend Tracker providing intelligent visual metrics, reports and key performance indicators (KPIs) to Buyers allowing them to take smart sourcing or Buying decisions faster.
Online Auction allows real time negotiation 24/7 with large pool of suppliers based in different locations and time zones, currencies which is difficult to achieve via traditional negotiations.
Better collaborate with your suppliers with multi-currency and Multilingual capabilities. Enterprise solution for faster buying decisions providing various negotiating options like English Reverse Auction, Japanese Auction, Dutch Auction, Multi-currency Auction, Percentage Auction & Forward Auction.