Negotiations between buyers and suppliers are a necessary part of strategic sourcing to establish and maintain value-added supplier relationships. However, they are time-consuming and labor-intensive. With procurement professionals making buying decisions on multiple factors beyond price, negotiations can sometimes take months to complete which can delay the realization of savings.

Our Solution
The eBreviate eSourcing Suite's Auction module enables both downward and upward auction events that let procurement teams bring the entire negotiation process online for virtually any good or service. This technology shaves weeks off the negotiation process by making it a one to two hour, invitation-only, timed event that can be run and managed in any part of the world. Moreover, the Auction module's real-time bid visibility, total cost functionality, and instant messaging communications intensify competition. The result: dramatically reduced sourcing cycle times, increased savings and more informed, equitable buying decisions.

Key Features

Benefits


Key Features

Secure, Integrated Platform
	•	Highest level of security using the latest SSL (secure socket layer encryption) and role-based user security model
	•	Integration with other modules in the eBreviate eSourcing suite
	•	Ability to integrate with existing corporate systems, including ERP, MRP and CRM applications, through defined APIs and data feeds
	•	Secure partitioning of event data to support units in a decentralized organization
	•	Customized screens that incorporate customer branding and preference
Flexible, Template-Driven Setup
	•	Intuitive, template-driven interface facilitates fast auction builds
	•	Total cost approach to collect and evaluate price and non-price bid components
	•	Item-level, event-specific and supplier-specific settings allow for any number of strategic auction setups, including nested events
	•	Multi-currency bidding options, multi-language capability, and custom time zone display for global use
Streamlined Event Management
	•	Real-time environment ensures latest bids and reports are instantaneously visible
	•	Robust two-way communication during auction via instant messaging that is logged and archived for later retrieval
	•	Modifications to bid rules, pause capability, and control over supplier access during an event give buyers time to strategize and evaluate an auction's progress
Sophisticated Analysis
	•	Powerful analytic tools to monitor and measure auction results, including real-time graphs and reports, total cost and savings calculations, and bid optimization
	•	Advanced weighting capability to automatically improve or penalize a supplier’s bids based on predetermined factors
	•	Administrative level management and reporting on user activity and results
	•	Enhanced bidder analytics allow bidders to determine standing versus other bids

Buyer Benefits

	•	Accelerated, improved savings results
	•	Reduced sourcing cycle times by up to 70%
	•	Improved competitive environment
	•	Focus on total value for improved supplier selection
	•	Experienced in-field delivery and round-the-clock Help Desk

Supplier Benefits

	•	More efficient sourcing process
	•	Objective, level playing field
	•	Increased business opportunities
	•	Collaborative bidding environment