Forward Auction Software System
Benefits of EnavAuction for the Supplier
EnavAuction not only benefits the buyers, it also proves to be a great asset to the suppliers as well. With EnavAuction, the vendors can participate in online auctions held across the world and ensure that they never miss out on a promising opportunity.
Forward Auction System Feature
- Since the process is conducted online, the suppliers can request for more information and receive it faster. This can be beneficial in making quicker business decisions.
- EnavAuction allows the supplier to be more upfront in their planning, thereby increasing the chances of landing the contract.
- Auction lets the suppliers know where they stand in terms of market position and pricing with immediate feedback. This can enable them to make adjustments if they choose.
- EnavAuction provides complete transparency in the bidding process, eliminating the risk of fraud.
- It allows the vendors to obtain new clients while still catering effectively to the existing customer.
- It promotes better communication between the buyer and supplier, reducing the chances of miscommunication.
EnavAuction greatly contributes to the growth of the resources in the company through forward auction.
- Since the price is decided by the buyers and not the seller, the supplier is ensured that he will obtain the best price for the product
- The product is guaranteed to sell
- It greatly reduces time to negotiate
- The product is bound to be sold at a greater profit than what the supplier anticipated.
- The software completely eliminates fraudulent transaction