According to the researches, the e-auction has been proven as a useful tool to boost the savings for the organizations. If you are in industries such as manufacturing, then you can even produce revenue by selling scraps through the e-auction softwares. However, you must consider that such savings don’t happen just like that. The results and outcomes are based on how the overall events are run. In order to do that, you must carefully choose, prepare and then execute the entire event. This is an important part of the procurement manager’s job responsibilities.
In this blog, we have come up with 5 main elements that should be considered to maximize your e-auction results.
More bidders fetch more cost savings:-
In the cases of reverse auctions, it is important to have more number of bidders. Thus, it is important to build and manage the platform that can manage all these players. We at Procure Avenue, host & build such platforms in cloud based environment in order to maintain the proficiency, accuracy and efficiency of the entire process. Also, our platforms are responsive and consistent enough to provide the needed edge to the users.
Providing the training to the bidders:-
Our software has a simple process that can be comfortable for any users. It is user friendly and technology friendly. In fact, the software offers free demo to make it easy to operate for the user. Thus, the procurement manager can invite more and more active bidders to participate in the process for e-auction. More the number of bids more will be the cost savings. Thus, the companies will be able to get more efficient and profound results from such biddings.
Our product allows the continuous uploads of the statements, assists in controlling the process, generate statements etc so that the user can keep a close eye on the ongoing event activities. Also, the product offers the flexible system in terms of consignment management. Such active monitoring results in providing the higher performance for the electronic auctions. In short, we offer a system that is fast, always available, responsive and provides guaranteed results.
Payments and Invoicing:-
Procure Avenue’s platform is offering robust system for payments and invoicing. We ensure that all the payment related details are safe and secured in our cloud based environment and we facilitate smooth, secure and fast transactions for the users. Besides, we also provide the automatic invoice generation to notify the involved parties.
We ensure that we take care of our client’s needs, wants and requirements. Thus, our professionals are providing the customization options for the clients and we design the platform according to the client’s instructions in order to facilitate their needs. Now, you being a purchase manager can have a platform that works exactly the way you want.
For further information we welcome you to send us a message, call us or write to us on the given contact details.