Auction - Online Biddings - Use and Impact


Online biddings can be seen as one of the most successful business models based on web technology. Reverse auctions in procurement create new markets, increase transparency in pricing and objectify purchasing decisions.

But even in the context of classical public sales, online biddings will find an increasing interest. At the same time, modern IT solutions accelerate business processes and increase their efficiency in use. On the following pages you will learn, how to make auctions available to your business and gain competitive advantages.


In an online auction as a "reverse auction" suppliers (bidders) are in competition to each other. Usually the bidding is based on a pre-prepared supply contract with the buyer. The suppliers are allowed to bid on this contract in a specified period of time. In a closed bidding event, bidders are authorized by the purchaser or auctioneer. During the auction, the future price is set. Biddings generate for all involved parties a high transparency on the price levels.

Different auction setups can be choosen, depending on the actual situation in the market. Other specific modules, such as multi-auctions, partitioning into slots and variable extension strategies allow the customization of the auction set-ups on specific product and market situations. A standardized procedure and a safe application ensures high acceptance among the stakeholders, suppliers and buyers.

Impulses for change in an organization can be various: New business models, new markets, innovations, mergers, other competitors, crises or changes in general conditions, etc. A regular review of the own positioning in the market or the functions in an organization prevent from radical adjustments, or such, which are too late. It is one central approach to align organizations to the according business processes.

Organization

Competitive costs and prices, excellent quality, high delivery service levels, low working capital and high productivity are typical targets of optimization projects along value chains. "Operational Excellence" is a key in order to compete in international markets. Operations Management can be used as a general term for production, logistics, services and supply chain management.

Operations

Digital change is not a short-term trend, but the path to a new industrial age. The economy and society are faced with a profound change, comparable to the first industrial revolution. This is accompanied by other mega-trends such as electromobility, climate change or the energy demand.


Digitization

Enovis offers a purchasing tool, which allows your company to support selected strategic purchasing processes and activities. The platform is web-based. It is not necessary to install a software for a user. The solution is made available to the users at his workplace via a secure internet connection.

Platform

Reverse auctions can be ssen as a successful concept of the early digitization of purchasing processes. Auctions in purchasing create new markets, increase transparency in pricing and objectivize purchasing decisions. But also in the context of classic bidding procedures auction platforms are indispensable.

Auction

The main expertise and know-how are operations, organization and digitization. In the field of operations, specifically in purchasing, logistics and supply chain management (SCM). In the field of organization in process optimization and organizational development. In the area of digitization, these core competencies are linked to the design of new digital processes and structures for innovative business models.
Performance and goal-oriented project management completes the profile of Enovis as a reliable realization partner.