What is eAuction?
It enables users to generate savings and transparency during the sourcing process. eAuction has a simple and easy-to-use UI/UX which allows optimum engagement between the buyer and the supplier. This sourcing and procurement software has multilingual capabilities.
eAuction Starting Price
$ 200/Limited Licence
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Key Features of eAuction
Here are the powerful features that make eAuction stand out from the competition. Packed with innovative tools and advanced functionalities, this software offers a range of benefits.
- Spend analysis
- Vendor Management
- Audit Trail and Compliance Tracking
- Supplier Performance Monitoring
- Supplier Database Management
- Supplier Evaluation and Selection
- RFx (Request for Information/Proposal/Quote) Management
- Supplier Collaboration and Communication
- Market Intelligence and Supplier Discovery
- Negotiation and Contracting
- Supplier Onboarding and Qualification
- Supplier Scorecard and KPI Tracking
- Supplier Compliance Monitoring
- Contract Compliance Tracking
- Electronic Auctions and Bidding
- Sourcing Project Management
eAuction Pricing
Here are the pricing plans for eAuction. Choose the plan that best fits your requirements and budget. Get Detailed eAuction pricing as per your requirements.
- RFP/RFQ/RFI
- Reverse eAuction (all types)
- Forward eAuction
- Multi-Currency eAuction
- Data Analytics
- Logistics Sourcing Module
- Audit Compliance
- Supplier Onboarding
- Supplier Discovery
eAuction Specifications
Get a closer look at the technical specifications and system requirements for eAuction. Find out if it's compatible with your operating system and other software.
eAuction Description
Here's the comprehensive description of eAuction. Gain a brief understanding of its unique features and exceptional benefits.
Provider of Cloud base eSourcing & eAuction software.
Types of eAuctions:
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English-style Reverse eAuction:
- This is the most common type of eAuction. In this format, suppliers bid against each other to offer the lowest price. As the auction progresses, the price decreases with each subsequent bid.
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Dutch-style Reverse eAuction:
- Unlike the English-style, the auction starts with a low price, and the price is gradually increased until a supplier agrees to sell at that price.
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Percentage-driven Reverse eAuction:
- In this format, suppliers bid by offering discounts on a predefined base price. The supplier offering the highest discount wins the auction.
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Set or Variable Price Reverse eAuction:
- Here, the buyer sets a fixed price or a price range. Suppliers can either accept the fixed price or bid within the given range.
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Progressive eAuction:
- This is the opposite of a reverse auction. Suppliers bid to sell their products or services at increasing prices, and the highest bidder wins.
Benefits of using eAuction:
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Cost Savings:
- eAuctions can lead to significant cost reductions as suppliers compete to offer the best prices.
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Transparency:
- All bids are visible in real-time, ensuring a transparent process for both buyers and suppliers.
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Efficiency:
- The online platform speeds up the procurement process, reducing the time taken to finalize contracts.
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Wider Supplier Base:
- eAuctions provide access to a broader range of suppliers, potentially leading to better offers and quality.
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Fair Competition:
- All suppliers have an equal opportunity to participate and win contracts, ensuring a level playing field.
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Reduced Administrative Burden:
- Automated processes and digital documentation reduce the administrative workload.
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Data Collection:
- eAuctions provide valuable data on supplier behavior, market rates, and trends, which can be used for future strategic decisions.
In summary, Reverse eAuction offer a modern, efficient, and transparent method for businesses to procure goods and services, leading to better outcomes and informed decision-making.
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eAuction FAQs
How much does eAuction cost?
The starting price of eAuction is ₹ 14400/Limited Licence. It has different pricing plans:
- Small : ₹ 14400/Limited Licence
The details of eAuction’s free trial have not been shared by the vendor.
What are the top 5 features for eAuction?
The top 5 features for eAuction are:
- Spend analysis
- Vendor Management
- Audit Trail and Compliance Tracking
- Supplier Performance Monitoring
- Supplier Database Management
What type of customer support is available from eAuction?
The available support which eAuction provides is:
- Phone
- Live support