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eAuction Software

Increase Supplier Competition & Savings

Deploy different negotiation strategies to increase supplier competition, and remove time-consuming, error-prone individual negotiations when using Scanmarket's eAuction software

Scanmarket is trusted by businesses across the globe

Built to Be Used

eAuction software doesn't generate value unless it is adopted by its intended users.

With the user at the center of everything, Scanmarket provides advanced functionality purposely built for the end-user in an effortless experience. Secure fast and broad adoption with a high level of agility.

Create Conditions for Better Deals

With expert support as our recipe for success, we provide process transparency in a seamless experience for both buyers and suppliers interacting with our auction software.

Multiple Auction Types

Different auction strategies require different auction types. Utilize the different auction types including Japanese, Dutch, Reverse and Forward to achieve your specific goals.

Configurable Bidding Rules

Deploy numerous, configurable bidding rules to match the event to the situation including bid parameters, individual starting prices, blind.

Consulting Services

eRFx bids can be transferred into eAuction opening bids. There are additional flexible services that can help support your execution.

A Competitive Edge Makes
All the Difference

Streamline your negotiation processes and reduce cycle times by 50%.

Negotiate with more suppliers in a structured process that removes the need for time-consuming individual discussions.
Scanmarket delivers negotiation and process transparency, making it easier to compare like for like and ultimately reducing the final price.

Auction software can help you transform a traditional 3-4 week negotiation process with 4 suppliers into a fast and dynamic negotiation completed within 1 hour. This means 20+ rounds completed with 10-20 suppliers. Truly efficient for all stakeholders.

Integrating with Scanmarket solution

With Seamless Integration

Integrate with what you know and already use.

Scanmarket integrates seamlessly with leading technology solutions to create an effortless experience for the end user.

... and Fantastic eAuction Functionalities

Parameters
Run auctions with additional parameters other than price. This could include various currencies, quality, payment terms, switching costs, etc.

Reserve Price Indicator
Show suppliers when the buyer’s reserve price has been reached and the winner of the auction will now receive an order

Blindfold Participants
The buyer can blindfold participants on certain product lines or lots.

Proxy Bidding
Proxy bidding may be allowed during or prior to an auction. When a supplier places a proxy bid the system will automatically bid on the supplier’s behalf until the supplier is leading the auction or he has reached his proxy bid.

Link Lines
Link certain product lines in e.g. a CherryLot™ auction to ensure that the change of one price in one lot (e.g. raw materials) will also affect other lots.

Partial Quantity Bidding
Allow suppliers participating in an event to bid for a partial quantity, not only the total volume.

Individual Starting Prices
Start the auction at individual price levels for suppliers. This could for example be based on individual quotations received from suppliers prior to the auction start.

Automatic Documentation
Gain full access to historic strategies, decisions, and results with automated processes to ensure transparency.

500+ Happy Customers

Scanmarket's software is built to make S2C management as simple as it should be.

But Don't Just Take Our Word for It

"There is no doubt that not only has eSourcing helped us to select the best suppliers, it has also resulted in significant savings and better market transparency. When you take a look at the overall result, I can say for sure that I would never have obtained savings as large as these in a traditional face-to-face negotiation."

Dániel Gál, Global Senior Sourcing Analyst at Grundfos

"Every single user has been creating their own events resulting in an outstanding 100% adoption rate."

Andreas Bivall, Head of Procurement Development & Group Categories at Boliden

"We made savings on eAuction, but we got so much more not just related to savings. The learning around it was a true success."

Breda Cok, Senior Category Manager at DFDS

Book a Demo

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.

Frequently Asked Questions

What can you purchase using eAuction software?

There are very few limitations when it comes to which products and services can be negotiated via e-auction tools.  We recommend considering the areas below when evaluating if a category is suitable for use with auction software.  

  • Spend - Is the size of the contract sufficient enough to stimulate interest from suppliers and competition in the form of bidding?
  • Specification - For auction software to be effective, specifications should be clearly written and unambiguous. This ensures that the suppliers know what they are bidding for.
  • Suppliers - Are there enough suppliers in the marketplace to take part in the negotiation? The more suppliers you have, the more bids will be generated during the auction, and the better the savings you will achieve.
  • Supply - Is the market supply competitive and with surplus capacity?

If you would like to know what others are auctioning when using strategic sourcing tools, check out our 2021 Global eAuction Index.

How much efficiency can you gain in your negotiations?

The majority of e-auctions run for less than one hour, cutting out days or weeks from the traditional one-on-one negotiation cycle time. Copy and re-run e-auctions with prebuilt templates, and automate bid analysis and reporting.

This process optimization also allows you to optimize the strengths and skills within your procurement team by automating administrative tasks and saving time with prebuilt templates, dashboards, and reports.

Which auction types do you support?

Scanmarket supports the following eAuction types & templates:

  • Japanese
  • Dutch
  • List
  • Cherry Picking
  • CherryLotTM 

It is important to have multiple auction types to choose from in order to design the best possible e-auction process.

The majority of e-auctions run by our customers are Reverse Auctions. 80% of all the auctions we see are Reverse Auctions:

  • 58% Cherry Picking Auctions
  • 16% List Auctions
  • 6% CherryLot Auctions

The remaining use of e-auction types are:

  • 2.5% CherryDutch Auctions
  • 1.15% Japanese Auctions
  • 2.5% Forward Auctions

Which type of support do you provide?

We provide 24/5 Quick Call support for your internal users and suppliers. 

Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.

Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.