Flip the script on traditional auctions with a Reverse eAuction. Embracing this sourcing method is as easy as checking off a to-do list.
Digitize your request, approval, and ordering with a budget-controlled, automated workflow. Don’t worry, you can also chat directly with suppliers, pose questions, or negotiate terms. Or, you can setup your Reverse eAuction and walkaway. Check back in after the eAuction concludes to be wowed by the results.
An interchangeable product set (IPS) is an ideal way to broaden your auction scope to include products that fit your specific criteria, but you may not be familiar with yet. Expand your possibilities. You may even find an even better alternative to your current product set.
Here’s what you need to know:
By increasing the number of products included in your auction, you increase competition amongst suppliers. You get the product you need, and at a price point you can appreciate.
With an IPS, it is important to include the factors that are critical to you. Some essential criteria could include:
delivery windows
payment terms
currency
custom regions
warranty offerings
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