Every quarter, Scanmarket reports on statistics covering insights into the savings performed by e-auctions executed on the Scanmarket eAuctions platform globally. The statistics are provided for procurement professionals who wish to better understand and optimize their businesses to achieve higher savings and efficiencies.
The Q4 2022 eAuction Savings Report has been released, and average savings increased from 5.04% in Q3 to 6.88% in Q4 vs the current price. There are two categories that are new to the top 10 in terms of volume, but there are also two categories that reported more than 20% of savings.
Overall, we at Scanmarket continue to see more and more buyers turning to e-auctions to increase savings and mitigate inflationary forces. Stay tuned for Scanmarket’s 2022 Global e-Auction Index report that looks at the entire year in much more detail.
Click below to download the full report to learn more.
