Tender faster, increase competition and drive additional savings.
Easy as 1-2-3.
Run more tenders, increase savings and maximise opportunities
Get the best value from your budget with our eAuction capabilities. 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
Line Item Auction
Mix & Match Auction
eAuction Key features
Reserve SupplierEnsures the supplier’s quote is at or below the reserve price.
Auction Preview Bid DelaySuppliers can prepare their pricing but are unable to start actively bidding until the auction 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.
Buyer PortalGet instant visibility of live auction data including supplier’s ranking and savings against current supplier.
Best & Final (BAF)Suppliers can 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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