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2024 showcased a year defined by stability and strategic growth across regions, underscoring the importance of eAuctions as a key solution for enhancing resilience and efficiency in global supply chains.
Q4 2024 marked a shift in eAuction savings performance, with the average savings rate decreasing to 7.63%, down from 19.56% in Q3 and 10.02% in Q4 of 2023.
2023 was marked by significant economic and geopolitical challenges, yet procurement professionals leveraged eAuctions to drive remarkable improvements in cost management.
As Q1 concluded, Scanmarket by Unit4 reported a savings rate of 9.25%, reaffirming the buyers’ embrace of eAuctions to counter inflationary pressures and secure better category prices.
As 2023 came to a close, we observed another robust quarter wrapping up.
Q4 concluded with a savings rate of 10.02%, marking the fourth consecutive quarter in 2023 with over 10% average savings through the use of eAuctions across all categories.
