In Sourcing, it takes time and effort to collect supplier offers. And you can't be sure that you are getting the best price. On top of this, sometimes you don't know when a negotiation will end. So, in negotiations with lots of suppliers, this can mean very long lead times.
Introducing The Intelligent Reverse Auction
POOL4TOOL eAuction is a reverse auction that gets better results than traditional ways of getting savings. It is the ideal follow-up to an eRFX, so you no longer need long, face-to-face negotiations. What's more, eAuctions help you save time, get better conditions, and increase competition between suppliers. As a result, eAuctions can produce 10-15% more savings than other methods.
eAuction is a very flexible tool, including:
- English dynamic
- English ticker
- Dutch ticker
- Hong Kong ticker
- Traffic light auction
- Rank auction
The POOL4TOOL team can help you pick which auction type will work for you and your item, set it up, and help you make it a success.
Discover These Powerful Features
- Turn eRFx into an eAuction in one click
- Pull auction results into Contract Management quickly and easily, so you can save time and effort
- Flexible pricing: run the module yourself and use eAuctions whenever you want - or pay per event
- Professional services option, including supplier on-boarding and support, training on auction theory, coaching in how to set up events, and event management, so you can get the most out of the module
- A wide range of auction types and flexible options - that can even work when you only have one supplier
Download the factsheet now to learn more.