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Procurement professionals in the retail sector can streamline and improve online auction processes with intuitive eAuction software.
ARCUS® eAUC helps retail businesses negotiate the best market price for specified products and services without compromising on quality. The module also creates substantial time savings for procurement professionals and increases transparency throughout the whole negotiation process. ARCUS® eAUC is a powerful eAuction module that gives procurement professionals the ability to easily run and manage a wide variety of online auctions, including English Reverse, Dutch, Japanese, Price, Positional and Forward eAuctions. This enables pre-qualified suppliers to participate in competitive auctions that have been tailored to meet user requirements, ultimately saving the procurement department time and achieving best market value for supplier products and services. All auction data is stored securely in the cloud, allowing all relevant stakeholders and suppliers to access or upload information at any time.
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“The work that the Trade Interchange team has done with Brakes since 2001 has been extremely valuable. Their software is intuitive and easy-to-use. Most importantly, the support we receive is the reason why eProcurement is so successfully embedded within our business”Stuart Smith, UK Purchasing Director, Brakes
Drax Power, who runs Europe’s biggest biomass-fuelled power station, used to manage their supplier service and product auctions using a combination of spreadsheets and paper-based systems.
This meant that auctions were not configured in a standardised format and information was difficult to locate, leading to inefficiencies within the procurement department.
They now run eAuction events using ARCUS® eAUC, a cloud-based module that encourages competitive online negotiations, leading to reduced procurement costs and improved visibility throughout the negotiation process.
Thanks to the cloud-based nature of ARCUS® eAUC, Drax Power now has the capacity to negotiate with more suppliers on a global scale and on a real-time basis.