1.Purchaser sets up Bidding Parameters
Our web-based software facilitates the simplified uploading and wider distribution of the purchaser's requirements. The auction criteria are then set via intuitive interfaces that permit selection of start date and time, duration of the auction and the suppliers to be invited.
2.Bids are placed in Real Time
Once the auction goes live, suppliers are able to bid in real time. The auction event is transparent, quickly concluded and delivers a complete audit trail within a secure and neutral environment. The emotion and negotiating hassle is taken out of the equation and invariably the price realised is the most competitive available. Suppliers are encouraged to offer their lowest cost whilst retaining their commitment to meeting the buyer's specification.
3.Purchaser chooses the most Appropriate Supplier
The buyer has total control of the selection process and is at liberty to award the contract to the supplier of their choice, secure in the knowledge that the price has been established at auction. An assessment of performance criteria such as: reliability, value for money, quality, capacity and service will determine the outcome. Significant cost reductions in excess of 20% have been routinely achieved at auction across a variety of goods and services.