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 eAuction Software:
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.
eAuction Solution 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.