Understanding eAuctions

One of our goals at TradingPartners is to help individuals better understand the world of eAuctions (or reverse auctions as they are also known), including how they work, when they are most successful, and how the fully-managed eAuction process can achieve great results for companies around the world. The following documents will provide you with a strong knowledge base about eAuctions as you consider applying them to your company's purchasing process.

Click on the links below to download our 'Understanding eAuctions' articles.

What is an eAuction (Reverse Auction)? (PDF)
Are you unsure what an eAuction (or reverse auction) is? Click on the above link to find out more.

What is a Fully-Managed eAuction? (PDF)
TradingPartners has built its business on the back of providing fully-managed eAuctions. What are fully-managed eAuctions?

What Can You Purchase Using eAuctions (Reverse Auctions)? (PDF)
eAuctions are suitable for almost any category - from indirects to directs and services. Open this link to see a condensed list of categories that TradingPartners has eAuctioned, as well as details about how you decide what to eAuction.

Comparing Your Options in the eAuction Marketplace (PDF)
The market for eAuctions has grown exponentially since its inception roughly a decade ago. If you are thinking of introducing eAuctions into your procurement process, this document describes the different business models available in the marketplace and allows you to compare your options.

It's Not About the Software (PDF)
eAuction projects can suffer when buyers rely too much on technology and not enough on running a well-managed eAuction process. Read this document to find out why eAuctions are 'Not All About the Software!'.

eAuction Types and Their Uses (PDF)
Detailed definitions of the various different eAuction designs available today, accompanied by explanations of how they work and situations where they are most successful.

Sourcing from Emerging Markets: Top 10 Tips (PDF)
Ten tips to help procurement professionals navigate the world of strategic sourcing from emerging markets.

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