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WHAT IS A REVERSE
AUCTION? |
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A reverse auction is
the perfect way for businesses to
lower purchasing costs, simplify the
purchase process and increase
profitability when looking to procure
virtually any product or service. |
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WHAT CAN I SPECIFY AS
PART OF MY REQUIREMENT? |
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Buyers can name all of
their conditions of purchase when
placing their requirement into
auction: this will naturally cover the
basics such as the product, quantity,
size, colour etc – but can also
include any special features or
specifications required. |
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HOW LONG DOES BIDDING
TAKE? |
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Procurement can be a
lengthy process when using traditional
methods: businesses will send out a
request for quotation or request for
information to potential suppliers –
and often have to wait weeks or even
months before receiving a reply. With
an online reverse auction, the buyer
can specify when they need their
auction to close – and this can be a
matter of days or weeks depending on
individual requirements. At the end
of the auction, the buyer has all the
information they need to decide which
bid to accept. |
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HOW MUCH CAN I EXPECT
TO SAVE? |
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The savings obtained
using reverse auctions are impressive:
purchasing costs can decrease by over
a third when implementing a reverse
auction rather than by simply
returning to a previous supplier. |
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HOW DO I INCLUDE MY
CURRENT SUPPLIERS IN THE BIDDING
PROCESS? |
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Buyers can inform their
existing suppliers of their auction
with AutoeBid – and can then invite
them to place their bids. In fact,
there is no need to open the bidding
to new suppliers at all: if a buyer
wants to limit the bidding to their
selected suppliers only, that is no
problem whatsoever. They can simply
pass on the link to their specific
auction and the supplier can follow
the steps from there. |
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I’M A SUPPLIER: HOW CAN
I BENEFIT FROM BIDDING? |
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Suppliers can benefit
from using the reverse auction by
gaining the opportunity to win new
business and develop new customer
relationships. AutoeBid’s bidding
system allows suppliers to revise
their bids in response to competitive
pressure and to track bidding progress
to compete against one another in a
fair and unbiased environment.
Suppliers who do not initially win an
auction can always pick up valuable
experience to contribute to future
success in the auctions. |
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DO I NEED TO DOWNLOAD
ANY NEW SOFTWARE? |
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No – AutoeBid’s reverse
auction service is purely web-based,
so buyers and suppliers simply need to
register to create an account. The
whole process is very easy to use, so
no specific training is required – and
the AutoeBid team can always help in
answering any questions. |
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WHAT DO YOU CHARGE? |
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Our charges depend on
the complexity of the project and will
vary between £100 + VAT and 1% + VAT of the
total purchase value. |
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I’M READY TO GO: WHAT’S
THE FIRST STEP? |
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Whether you’re a buyer
or a supplier, the first thing to do
is to register to create an account.
You can do this by clicking the
following link through to our accounts
page: |
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I’VE STILL GOT SOME
QUESTIONS: HOW CAN I CONTACT YOU? |
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If
you have any further questions, just
send us an email to
sales@autoebid.com
or call 0870 922 0572 |
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