eAuction Software
Competitive sourcing that creates better deals: Drive increased supplier competition and navigate negotiations with Scanmarket’s eAuction solution.
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.
How eAuction can help you
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Quickly determine the true market price
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13-17% average savings vs. current pricing
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Streamlined negotiation processes reduce cycle times by 50%
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Easy to use for bidders and stakeholders with no usernames/passwords required
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Provide transparency and "apples-to-apples" comparison for bidding companies
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46% increase in reuse of standard templates
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2.4-2.7x more cost savings on spend sourced through eAuction tools
Fast, dynamic negotiations that drive efficient purchasing
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
Webinars
View our on-demand webinar, which delivers insights from Scanmarket and industry experts
How Integrating Automated Negotiations with eAuctions Can Drive Operational Optimization
Q2 2024 eAuction Savings Report
The second quarter of 2024 concluded with a slightly higher average savings...
Which eAuction type is right for you?
Most people are familiar with Forward Auctions. We know them from eBay and...
Benefits of eAuctions for sourcing teams
There are many benefits of eAuctions for both buyers and suppliers. Regardless of...
Don't take our word for it
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.
Frequently asked questions
What can you purchase using eAuction software?
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 2022 Global eAuction Index.
How much efficiency can you gain in your contract negotiation?
On average an electronic procurement auction runs for less than one hour, cutting out days or weeks from the traditional one-on-one negotiation cycle time. Copy and re-run e-auctions with prebuilt templates, and automate bid analysis and reporting.
This process optimization also allows you to optimize the strengths and skills within your procurement team by automating administrative tasks and saving time with prebuilt templates, dashboards, and reports.
Which auction types do you support on your procurement tool?
Scanmarket supports the following eAuction types & templates:
- Japanese
- Dutch
- List
- Cherry Picking
- CherryLot™
It is important to have multiple auction types to choose from in order to design the best possible e-auction process.
The most used type of e-auction by our customers is Reverse Auction. 80% of all the auctions we see are Reverse Auctions:
- 58% Cherry Picking Auctions
- 16% List Auctions
- 6% CherryLot Auctions
The remaining use of e-auction types are:
- 2.5% CherryDutch Auctions
- 1.15% Japanese Auctions
- 2.5% Forward Auctions
Which type of support do you provide?
We provide 24/5 Quick Call support for your internal users and suppliers.
Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.
Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.
