The first step in running a strategic sourcing event is determining how suitable your product/category is for competition, determined primarily by two elements: 

  • Market competition
  • Procurement complexity

As a rule of thumb:

  • High competition/Low complexity: Suitable for eAuction or dynamic bid
  • Low competition/High complexity: Not suitable for eAuction

Scanmarket has significant experience and tools available to help your organization develop and implement a suitability analysis program that will ensure your efforts are targeted for the best results.

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