Negotiation is an inescapable part of the buying process. In order to obtain the best competitive price for a product, purchase managers must be willing to invest tremendous amounts of time and effort into the negotiation. They must even be prepared to cave in if the negotiation becomes moot.
With reverse / forward auction, the task of the purchase manager is simplified to a great extent. By making the entire process of bidding transparent, you can be rest assured that you will get the best deal for your requirement. Not only can the suppliers/bidders respond to the bids instantly, they can even view the lowest bid for the purchase made by their competitors thus giving them an opportunity to alter their purchase orders any number of times within a given timeframe.
EnavAuction is an integral part of the expense management system provided by Enaviya. It is a robust web-based procurement solution that allows you to automate the complete vendor interaction over the web for the price negotiation. EnavAuction helps improve procurement efficiency through increased speed, improved accuracy and consistency, greater collaboration with stakeholders and suppliers, broader knowledge transfer and security.
An eAuction is an electronic auction system bringing competition into the market through which a purchasing organization may run events in which suppliers bid against each other to supply the purchasing organization with a given range of goods or services.
The secure online e-auction software developed by Enaviya is packed with all the features required for B2B auctions and no other similar software provides the same value. Established investment returns boost outcomes over traditional approaches by 20 per cent.
A reverse auction is a system of software used to negotiate the best offers. E-auction run by your organization in just one minute with fair requirement and quality compression with several suppliers.