The on-demand eAuctions module is versatile and highly functional allowing for the level of pricing transparency in the auction to be controlled easily. It provides many useful features such as messaging center, auto extend etc, which can be customized to a specific user’s requirements. Buyers can also conduct total Cost analysis to help them make strategic award decisions based on switching costs, quality, capacity and service level considerations.

Challenges

• Getting the best product at the lowest possible price from a limited supplier base
• Conventional Sourcing tools often turn out laborious and time-consuming to use
• Difficult to apply global best procurement practices
• Shortage of resources to identify new domestic and global suppliers

The APT eAuction solution

The on-demand eSourcing module - offer multiple industry standard bidding models - allows buyers to conduct real-time negotiations with suppliers - level of pricing transparency in the auction can be fully - allows to conduct total cost analysis to help buyers make strategic award decisions based on switching costs, quality, capacity and service level considerations.

The APT eAuctions solution provides bottom-line cost savings, ranging from 5 to 40% and it reduces sourcing cycle time and provides ability to evaluate and negotiate with numerous suppliers without incurring additional costs. The module has built in sourcing templates to benefit from standardization of best sourcing practices across an entire organization. It provides increased access to business opportunities for suppliers and helps reduce their cost of sales.