Reverse Auction Get ahead with Prediction forecasting on steroids!
Designed and managed by strategic sourcing professionals and built from years of experience in global and Australian markets, Purchasing Index gives you all the benefits of eSourcing, eRFx, Reverse Auctions and Contract Management in a simple-to-use and cost effective solution.
Reverse auctions (also called eAuction, eProcurement, eSourcing, sourcing event, procurement auction, eRFP/eRFQ, B2B Auction) is the use of internet technology to conduct traditional activities such as tendering, negotiating, bid evaluation and contract management. It is a modern strategic tool for achieving rapid purchase cost reduction on a wide range of goods and services.
We understand clients are at different stages of the e-sourcing cycle; so we provide a customised approach – from 'testing the concept' with pilot projects, running fully managed e-sourcing projects to ad hoc support for in-house programmes.
Key activities include:
Suitable category identification based on tried and tested criteria
Category, Supply Market Intelligence and identifying new Suppliers
Developing sourcing and tender lotting strategies
Drafting RFI's/RFP's, Tenders & Agreements
Facilitate online tenders and reverse auctions
Implementation of sourcing strategies and agreements.
Our technology independence enables us to objectively identify the most appropriate solutions for our clients.