Grundfos
Grundfos
The e-auction resulted in significant savings and more market transparency.
eAuction Software
Competitive sourcing that creates better deals: Drive increased supplier competition and navigate negotiations with Scanmarket’s eAuction solution.
Get a personalized demo of Scanmarket by Unit4's Source-to-Contract solution,
tailored to meet your business needs.
Transform your negotiations
Negotiate with more prospective suppliers in a structured process that removes the need for time-consuming individual discussions.
Scanmarket delivers negotiation and process transparency, making it easier to compare potential suppliers and ultimately reducing the final price.
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How eAuction can help you
- Quickly determine the true market price
- Streamlined negotiation processes reduce cycle times by 50%
- 13-17% average savings vs. current pricing
- Easy to use for bidders and stakeholders with no usernames/passwords required
- Provide transparency and "apples-to-apples" comparison for bidding companies
- 2.4-2.7x more cost savings on spend sourced through eAuction tools
- 46% increase in reuse of standard templates
Fast, dynamic negotiations that drive efficient purchasing
Smarter Source-to-Contract with Scanmarket
Learn how to simplify strategic sourcing by integrating a best-of-breed Source-to-Contract solution.
Read our product eBrochure
Key features & capabilities
Automation & standardization
Utilize features such as pre-set parameters, automated bid evaluation, and instant communication.
Configurable bidding
Deploy numerous, configurable bidding rules to match the event to the situation.
Multiple auction types
Utilize the different auction types including Japanese, Dutch, Reverse and Forward to achieve your specific goals.
Supplier credibility
Build sustainable relationships with suppliers through full process and selection transparency.
Efficient negotiations
Automated bid analysis ensures quick and accurate evaluation, allowing buyers to secure optimal deals in record time.
Improved communication
With automated notifications and real-time interaction, suppliers can be assured they are always informed and engaged.
eAuction in action
Create conditions for better deals
Negotiate with more prospective suppliers in a structured process that removes the need for time-consuming individual discussions.
Scanmarket delivers negotiation and process transparency, making it easier to compare potential suppliers and ultimately reducing the final price.
People at the centre of everything
With the user at the center of everything, Scanmarket by Unit4 provides advanced functionality purposely built for the end-user in an effortless experience.
Secure fast and broad adoption with a high level of agility.
Additional learning
Don't take our word for it
Creating value at every stage of the sourcing process
Find out how Unit4 helped Jabil implement a transparent, scalable, and cost-effective sourcing mechanism to enhance day-to-day operations and long-term strategic goals.
Choosing Scanmarket by Unit4: A best-of-breed solution
Read the latest SoftwareReviews Comparison Report to understand why Scanmarket by Unit4 is the right solution for you.
Using data sourced from SoftwareReview’s 2024 Strategic Sourcing reports, this report provides a comprehensive insight into the customer experience when using Scanmarket by Unit 4 software. Whilst comparing the buyer experience against key players in the market, it also provides a variety of metrics to assist you in choosing the software that best matches your organizations goals.
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Frequently asked questions
There are very few limitations when it comes to which products and services can be negotiated via e-auction tools. We recommend considering the areas below when evaluating if a category is suitable for use with auction software on your procurement efforts.
- Spend - Is the contract's size significant enough to generate supplier interest and prompt competition through procurement bidding
- Specification - For auction software to be effective, specifications should be clearly written and unambiguous. This ensures that the suppliers know what they are bidding for.
- Suppliers - Are there enough suppliers in the marketplace to compete for a contract? The more suppliers you have, the more bids will be generated during the auction, and the better the savings you will achieve.
- Supply - Is the market supply competitive and with surplus capacity?
If you would like to know what others are auctioning when using strategic sourcing tools, check out our latest Global eAuction Index Annual Report.
Scanmarket by Unit4's S2C Procurement software is built to be used.
See for yourself how advanced technology can be as simple as it should be.