Improve your bidding and purchasing process to achieve the best possible price and value for goods and services
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A reverse auction is a type of negotiation process used in Strategic Sourcing, where the auction is initiated by a single buyer that wishes to procure goods or services from many suppliers using an online bidding platform. Suppliers bid anonymously and compete during a fixed time period.
Poorly planned events can lead to no competition, limited bids, no savings, or soured relationships with strategic suppliers. And when you focus on evaluating based on lowest price alone, you could sacrifice on quality, service level and delivery methods. Evaluation and awarding the supplier requires analysis to achieve the best value.
The time and skills needed to run effective sourcing events can be scarce. And delivering value across every category can seem insurmountable, with thin margins, rising costs, unpredictable customer demand and difficult supplier negotiations and relationships.
Article: How innovative spend management solution providers such as Proactis can provide a configurable and secure cloud-based reverse auction platform.
With Proactis Sourcing Services you can run reverse auctions as an extension of your team. The Proactis Sourcing team becomes your dedicated reverse auction specialists – to build and execute successful online reverse e-Auction events. Your dedicated professionals help your team to develop the competencies and knowledge required to carry out effective reverse auctions and achieve maximum savings to deliver the best possible value when you need to procure high volume goods and services but don’t have the bandwidth to manage it all.
A managed approach to sourcing is a powerful model for extending the value you deliver and shaping your organization’s growth and future.