The best offer
What are the criteria that make a purchaser successful? Talent in negotiation and a structured approach are the main skills needed! The Portum Auction Engine is a reliable tool to support these core competencies. Portum customers including Tchibo, BMW, Siemens, Total and Merck KGaA have adopted the auction as a main component of their daily negotiation processes.
How does an online auction work?
Tender related requirements as well as the rules of the auction, the bidding modus and the starting date can be determined over your personal trading desk. Access is granted to those participants who have been invited to a specific project and these can submit their offers in real time until the final price within the auction has been determined.
What can an auction accomplish?
Within a matter of hours an online auction allows you insight into true market prices through the dynamic nature of participants bidding amongst Auction Engine themselves. Within an average two-hour auction, you may negotiate with 20 or more suppliers at the same time. You will thus be much more time efficient in reaching an extensive range of suppliers. Unexpected influences and switching costs involved in the change of supplier or in quality differences can be built into the auction through the weighting system. Since all different steps in the auction are documented purchasers can allocate the awarding in detail. According to various assessment studies conducted by A.T. Kearny, Accenture and Bearing Point, European companies generate a 12 - 25% cut in costs on average through online-auctions.
Your benefits
What are the criteria that make a purchaser successful? Talent in negotiation and a structured approach are the main skills needed! The Portum Auction Engine is a reliable tool to support these core competencies. Portum customers including Tchibo, BMW, Siemens, Total and Merck KGaA have adopted the auction as a main component of their daily negotiation processes.
How does an online auction work?
Tender related requirements as well as the rules of the auction, the bidding modus and the starting date can be determined over your personal trading desk. Access is granted to those participants who have been invited to a specific project and these can submit their offers in real time until the final price within the auction has been determined.
What can an auction accomplish?
Within a matter of hours an online auction allows you insight into true market prices through the dynamic nature of participants bidding amongst Auction Engine themselves. Within an average two-hour auction, you may negotiate with 20 or more suppliers at the same time. You will thus be much more time efficient in reaching an extensive range of suppliers. Unexpected influences and switching costs involved in the change of supplier or in quality differences can be built into the auction through the weighting system. Since all different steps in the auction are documented purchasers can allocate the awarding in detail. According to various assessment studies conducted by A.T. Kearny, Accenture and Bearing Point, European companies generate a 12 - 25% cut in costs on average through online-auctions.
Your benefits
- Extended supplier coverage and less time effort in price negotiations
- Enhanced competition: competitors may immediately react to each other’s bids due to the real-time reaction modus of the bidding process
- Enhanced sourcing market transparency (process, products, suppliers)
- Realizing purchasing price improvements
- Time saving in repeated auctions
- Weighting System: this functionality can quantify decisive criteria such as costs involved in quality differences or a switch in supplier
DOWNLOADS
Your benefits
Extended supplier coverage and less time effort in price negotiations
Enhanced competition: competitors may immediately react to each other’s bids due to the real-time reaction modus of the bidding process
Enhanced sourcing market transparency (process, products, suppliers)
Realizing purchasing price improvements
Time saving in repeated auctions
Weighting System: this functionality can quantify decisive criteria such as costs involved in quality differences or a switch in supplier
DOWNLOADS