B2B reverse auctions

AuctionTool value

eProcurement application

Contract management

Supplier assessment

Buyer Benefits

Experienced in-field delivery and round-the-clock Help Desk
Reduced sourcing cycle times by up to 70%
Improved competitive environment
Accelerated, improved savings results
Focus on total value for improved supplier selection
Renowned robustness and user friendliness
Higher number of competing suppliers
Shorter negotiation cycle.

Bottom-line cost savings, ranging from 5 to 40%
Sourcing cycle time reduction
Ability to evaluate and negotiate with numerous suppliers without incurring additional costs
Standardization of best sourcing practices across organization
Increased access to business opportunities for suppliers
Reduced cost of sales for suppliers

Supplier Benefits

Increased business opportunities
Collaborative bidding environment
More efficient sourcing process
Objective, level playing field

AuctionTool is a revolution in the way buyers negotiate with short-listed suppliers

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