eAuction

Trade Interchange eAuction – or reverse auction – services are designed to reduce purchasing costs through open and competitive negotiations and streamlined systems.

By inviting trusted suppliers to bid online, buyers can secure the best price for specified goods and services in the least amount of time.

Functions and benefits of our fully managed eAuction services include:

· Cost savings – By pinning down the most competitive offerings available in the market place.

· Significant time savings – Compared to ‘traditional’ negotiations, due to the elimination of excess paperwork and a reduction in negotiation time by using this deadline driven process.

· Improved supplier performance – By encouraging healthy competition, with the ability to target a large number of suppliers in one eAuction.

· Robust information – With detailed reports once eAuction bidding is closed; the ability to provide immediate feedback to all participating suppliers and data to hand for future projects and audit trail purposes.