Tender faster with eAuction, increase competition and drive additional savings.
eAuction: as easy as 1-2-3
eAuction reduces manual processes enabling procurement teams to run more tenders, increase competition, maximise opportunities and drive savings.
Our eAuction capabilities enable you to get the best value from your budget. eAuctions reduce manual processes so that procurement teams can run more events on a regular basis. eAuctions also improve objectivity, transparency and auditability in the supplier selection process.
For suppliers, eAuctions reduce the sales cycle time since award decisions can be made very quickly. These awards are made not by price alone, but other factors including quality and service levels. This enables each supplier to create their own competitive advantage.
Choose the type of eAuction based on your unique needs
eAuction – Price Auction
eAuction – Ranked Auction
eAuction – Line Item Auction
eAuction – Mix & Match Auction
eAuction Key features
Reserve SupplierEnsures the supplier’s quote is at or below the reserve price.
Auction Preview Bid Delay
Suppliers can prepare their pricing but are unable to start actively bidding until the eAuction begins.
Auto ExtensionsGreat for last minute bids. Dictate the length and number of auto extensions.
Enable Winning Bid LockoutLock a specific line from the winning supplier until another supplier outbids them.
Get instant visibility of live eAuction data including supplier’s ranking and savings against current supplier.
Best & Final (BAF)
Our eAuction allows suppliers to update their bid or add an influencing factor.
Give us a tri.
Register for an online demo today.
How eSourcing technology is helping procurement managers do more in less time.
98% of our users surveyed claim results have been overwhelmingly positive. Download the infographic to learn how eSource Wizard's eAuctions and eRFx is helping procurement managers do more in less time.
Frequently Asked Questions
We’ve put together some frequently asked questions to give you more information about using eSource Wizard. If you have a question that you can’t find the answer to, please use the contact us page.
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