Drive Down Costs and Speed Negotiation Using Intuitive eAuction Software
ARCUS® eAUC is a dynamic, cloud-based eAuction solution that transforms your negotiation process, leveraging competitive bidding to drive cost savings and deliver optimal value for your procurement events.
In short, pre-qualified suppliers can participate in competitive eAuctions that are tailored to meet business requirements. This ultimately saves time, while unlocking true market value for supplier products and services.
With eAUC:
Real-time competition: Facilitate real-time competitive bidding among suppliers, through a transparent and dynamic negotiation environment.
Cost optimisation: Drive significant cost reductions by leveraging competitive pressures and real-time bid visibility.
Strategic sourcing: Gain valuable market insights and identify the most competitive suppliers through real-time bid analysis and supplier data.
Increased efficiency: Streamline your negotiation process, reducing cycle times and resource allocation through automated bid management and real-time communication.
Improved transparency: Ensure a fair and transparent negotiation process with a clear audit trail of all bid activity and supplier interactions.
What are the Benefits of eAuction Software?
- Fully configurable auction set-up
- Managed or self-managed eAuctions
- Auto-training functionality
- Increased scope for supplier participation
- Negotiate the best prices
- Reduced procurement cycle
- Global supplier participation scope.
- Auditable and traceable.
- Online supplier messaging.
- Data visualisation options with ARCUS® Analytics.
Extensive Auction Formats
Extensive tailoring options enable buyers to tailor eAuctions to their specific needs, ensuring optimal outcomes and maximising value creation. 77% of ARCUS® eAuctions in 2024 made a saving from the expected price.
Sealed Bids and Extensions
These advanced functionalities offer greater flexibility and control over the eAuction process, instead of a generic template that doesn’t fit the requirements.
Quick, Responsive Service
Users benefit from dedicated support ensures that any questions or issues are addressed promptly and efficiently, providing a seamless and positive eAuction experience.
Case study
Drax Power, who runs Europe’s biggest biomass-fuelled power station, previously managed their product auctions using spreadsheets and paper-based systems.
This meant that auctions were not configured in a standardised format and information was difficult to locate. Consequently, this led to inefficiencies within the procurement department.
They now run eAuction events using ARCUS® eAUC, leading to reduced procurement costs and improved visibility throughout the negotiation process. Presently, Drax Power has the capacity to negotiate with more suppliers on a global scale and on a real-time basis, instead of struggling with the obstacles posed by spreadsheets.