Scanmarket is a source-to-contract software provider that develops advanced functionalities in an effortless design.
Challenge
A large European retailer needed to select one vendor for brined mangoes. Only two potential sources were qualified, and initial bids from suppliers varied widely.
Solution
A Japanese Auction was strategically selected based on the client's objective. Suppliers agreed to new pricing to remain in the bidding and started bidding at their own pre-bid levels with no ranking feedback. Each minute, bid price stepped down by £1 GBP.
Result
161 bids were placed by only two participants in less than one hour resulting in 22% savings.
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Originating from the needs of the procurement professional, Scanmarket's S2C software is built to be used. See for yourself how advanced technology can be as simple as it should be.
