Packed Cheese & Pickled Beets
A Scanmarket Savings Snapshot on Retail
Retail Client Achieves savings of 26% on Packed Cheese and 19% on Pickled Beets trough separate events
Challenge
A renowned retail group aimed to procure packed cheese and pickled beets from different types of suppliers, for their nationwide supermarket chain.
Solution
The client ran two separate eAuction events.
On the first eAuction two suppliers were invited to compete on a Reverse Cherry Picking Auction for two lines of cheese products, the first line for 17 tons and the second line for 14 tons.
In the second event, two suppliers were invited again to bid on four lines of pickled beets, totaling 345,000 jars, using the same auction format as before.
Result
The first auction drove total savings of 26% and ended up lasting over an hour, with a total of 200 bids, and with one of the suppliers winning both line of products.
The second auction resulted in overall savings of 19%, where the preferred supplier secured just one of the lines, following 159 bids over a duration of 1 hour and 39 minutes.
The client has already run 24 eAuctions since the beginning of this year and has been a happy customer of Scanmarket by Unit4 for 12 years now.