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.
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.
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.
Got a minute? Have a quick peek at the reverse auction tool interface and see how easy it is to configure and set up an auction. Witness the clarity of presentation and the transparent nature of the bidding process. Marvel at the ergonomic layout which places all the information you need quite literally at your fingertips!
If you’ve been around purchasing for a while you’ll have the same doubts that I had about using a reverse auction. We selected a moderately high spend, low risk area of packaging which was overdue a review anyway. The process was simple and Purchasing Auctions were patient and helpful with both us and our suppliers. Overall we achieved 8% saving below the point that I believe I would have settled in initial negotiation but from our incumbent’s starting position the saving was an exceptional 16%. Overall I was surprised and impressed. While I don’t think it would work quite so well with some of our highly specified, very technical products it is very effective on more commoditised categories and I will use the service again.
James Cunningham - API
This was the first time The Law Society have run a Reverse Auction. The simplicity of the Purchasing Auctions process is absolutely brilliant and has given us the framework to choose a supplier which not only provides for a significant cost reduction, but one which we are confident will be sustainable for a number of years.
A number of our suppliers who have used auction systems previously, stated how refreshing it was to be involved in an auction process which is so easy to use. The process was fully supported by Purchasing Auctions who provided full training and support throughout the auction to both the bidders and The Society.
The support from the Purchasing Auctions team was exceptional and I would have no hesitation in recommending both the auction concept and Purchasing Auctions.
Anthony Besley - The Law Society
Given our existing supplier relationships and spend profile, I was initially unsure whether the reverse auction concept would deliver a significant benefit to SAGE. I am pleased to say not only were the auctions simple to run for both SAGE and our suppliers, but the concept delivered a 10% saving on a low margin product and we could choose a supplier based on best value for money. The auctions are brilliant to watch, each time you think the price cannot drop any further, someone bids lower! I firmly believe this concept will have a major impact on reducing our cost base and as a result we have bought an annual licence.Jerry Leach - Director SAGE Roofing
I found the Purchasing Auctions tool very easy to use and appreciated the guidance offered. We will definitely be using this valuable service again, especially as we saved 33% at our first auction! It's great to find a medium created by purchasers for purchasers. Thank You Purchasing Auctions. Pauline Sumner - Peel Ports
We were very impressed with the auction site. It is one of the best we have used. Easy to use, clear information and quick Karen Hardy - Polestar
Whether you're buying or selling, Purchasing Auctions gives you access to new opportunities to help you grow and expand your business. The Purchasing Auctions website focuses exclusively on the cloud-based hosting of reverse auctions for procurement and our objective has always been to keep the entire process as simple and intuitive as possible. This allows the auction process to be managed by any Purchaser or Consultant and makes the system more affordable - and more accessible - as an everyday procurement tool.
The Purchasing Auctions system is packed with features designed to make the entire process from start to finish as simple, transparent and as functional as possible. These features place both the buyer and supplier in complete control of their offers and allow real-time management of their bids and the opportunity to view the auction as it progresses through time. The Purchasing Auctions system was designed by a team of procurement professionals and this team will be on hand to answer any queries or assist new users through the process should support be required.
Purchasing Auctions is run by a friendly, helpful team and we have a passionate collective pride in the tool that we have designed and how best to deliver it to our clients. Our aim is to develop win-win situations where both buyers and suppliers are rewarded and outcomes are delivered in an efficient and effective manner. Our joint expertise across the Reverse Auction sector, benchmarking, cost reduction and the relevant IT applications guarantees you access to the very best support when you need it most.
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