Procurement Masters
When business conditions are ideal for cost optimization via e-Auction
In the past, procurement has always delivered the best results when conditions were stable, and requirements were clear. Predictable demand volume allowed procurement to manage a predictable process and establish a contract that would last 2-3 years. Then the process would start over again
bestauction.com, the innovative cloud-based procurement platform for SMEs, to join the DMZ’s Bootcamp
BestAuction joins the DMZ’s Bootcamp! Currently, the platform hosts over 150 reverse auctions and more than 56K potential clients’ datasets.
Digital skills gap in procurement
Over the last period, the role of procurement has transformed rapidly. The need to improve supply chain sustainability and affectivity and of course, to boost profitability mostly, has turned procurement into a vital part of the company that can save a lot of money.
How our law firm found a translation service provider through the online eAuction, for the next 4 years
I never believed that we could get such great savings on a single service. We have found that by being able to confront several suppliers, we can compete with a company that not only suits us best, but also offers an unbeatable price.
Benefits of reverse eAuctions for the buyers
The goal of most organizations is to reduce costs through streamlining procurement processes. The introduction of electronic applications into the procurement process opens up opportunities for significant cost reductions. The introduction of electronic reverse auctions is currently one of the most popular forms of electronic procurement processes. Many organizations declare the introduction of electronic reverse auctions is saving them from 10 – 20% of their costs.
Should COVID-19 change your procurement processes?
The current Covid-19-crisis has tested our readiness to manage the whole procurement process from the very beginning till the end and to cope in this disruptive and constantly changing business environment. The situation is changing rapidly and the spread of the virus around the world has created so many problems not only in this fields of activities.
Procurement during the COVID crisis
Billions of people are being affected by the new COVID-19 pandemic, setting off an unprecedented global health crisis.
Procurement outsourcing
Procurement outsourcing constitutes a growing dimension of corporate procurement strategy.
When to use reverse eAuctions
Reverse auctions as a tool have been around since the late 1990’s. They have been used in the Fortune 2000 to obtain more favorable pricing, to reduce cycle times, and to lower overall supply costs.
How to compete in a reverse eAuction
A growing number of large companies are forcing suppliers to bid through reverse auctions. Here’s how to survive one with your margins intact.
Customers have said
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Significantly helps me to get results!
„I searched for the building contractors and they’ve delivered in a few seconds in my area. I’m actually astonished at how quickly bestauction.com helps me to get results. Furthemore, using bestauction.com I’ve been able to get considerable price discount for building materials without a need going anywere to negotiate.“
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Great businness helper
„Simple to use and intelligent than you can imagine. We procure any items or services with bestauction.com now. A really helpfull and cost saving tool.“
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We actively use the online eAuction for product procurement
„We actively use the online reverse auction for product procurement , and in turn, we get the benefits in terms of more efficient and transparent purchasing process.“