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SCANMARKET

eAuction

Successfully conduct price negotiations with suppliers

To successfully conduct price negotiations with suppliers, you need to ensure that you are making apples-to-ap¬ples comparisons, manage simultaneous discussions, and provide all suppliers with the same information. eAuctions are an excellent tool for managing the most complex and challenging negotiations in a dynamic, real-time manner.

A MODULE FOR EVERY NEED

See video about eAuction

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With Scanmarket eauction, you get

eAuction includes

  1. Numerous, configurable bidding rules to match the event to the situation including individual starting prices, feedback options, blindfolding, proxy bidding, rank, traffic lights, staggering, blind period, reserve price indicator, partial quantity bidding and many more
  2. Multiple auction types including Japanese, Dutch, Reverse, Factored, Forward and others
  3. Unique login link for suppliers, reducing support requirements
  4. Flexible services to support execution, design, strategy and volume
  5. Instant Quick Call support available to buyers, stakeholders and suppliers
  6. 21 languages
  7. Intuitive user interface that requires no formal training
GET TO KNOW OUR SOLUTIONS

Book a free demo

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eAUCTION

Key Benefits

Cost savings of 9-18% compared to current prices depending on the category

Efficiency gains of up to 60%

Get the true, current market price for the commodities you need

Efficiently negotiate and communicate simultaneously with multiple suppliers

Cost-effective negotiation support to guarantee success

onfiguration options to fit each negotiation scenario. Respond quickly to changes in market conditions

"I have 10+ years experience in esourcing but I had never worked with Scanmarket before. With no training, I familiarised myself with the tool and in very little time was I confident enough that i actually ran my first ever live Scanmarket eauction from a balcony, whilst on holidays in the alps, using my personal phone as a hotspot for internet access. That’s how intuitive and easy to use this platform is."

— Rodolphe d'Audiffret, Associate Director, Products and Services Procurement at Ernst & Young

Get all the details

If you would like to explore this module more, please download the data sheet here.

Download data sheet
A MODULE FOR EVERY NEED

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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

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RESOURCES

Related Content

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Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress