Purchasing Auctions is a new procurement tool that gives buyers and suppliers access to expanded and competitive business opportunities. Buyers are able to gain best value from an expanded range of suppliers in a very open and competitive manner, whilst suppliers gain access to new customers and contracts of significant value.

The traditional buying process is veiled in secrecy and based on sealed bids. Suppliers offering different terms further complicate the evaluation process. Suppliers have no indication what prices their competitors are offering and take a blind guess as to how low they must go to win.

By standardising absolutely everything in the RFP/specification, Purchasing Auctions turns the once secretive process into a fair and open competition.

Complete standardisation makes comparison of the bids a relatively simple matter and all that remains is to find the lowest, most competitive price. The best way to do that is through an auction.

Purchasing Auctions is now in a beta stage, and soon will be unleashed into the market place. Register you interest now by contacting them below. Contact Purchasing Auctions

Tags: Development, Purchasing

This entry was posted on Wednesday, December 10th, 2008 at 4:16 pm and is filed under Client news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.