Enables Substantial Saving
Leverage real time competition
Reduce administrative cost
Lower negotiation cycle time
Improve new Opportunities
Improve Market Intelligence
Ensure Level Playing Field
Enables Market Transparency
RFX WFD (Work Flow Diagram)
List of Goods & Services can go for eAuction
Value Proposition for both Buyers & Sellers
Common Myths and Evolving Reality
- Online reverse auctions: Friend or foe?
- Are Reverse auctions only about the price?
- If yes, is the savings sustainable?
- Can I reveal my company’s data to a third party?
- Will I be exposed before my management, I am incapable of price reduction all these days?
- Will I become redundant if the tasks are outsourced to 3rd party?
Procurement Team Mind-voice
Management thought process
IT Hardware & Consumables
eAuction (Online Auction)
Look at the Value Proposition to your Organization beyond worries