Auctions Overview | Integrated Supplier Management & Sourcing

Your sourcing efforts need to obtain the best possible results by tailoring the auction design to the negotiation situation and awarding strategy.

Reduce cost of goods sold (COGS) and lower indirect procurement costs
Accelerate the negotiation process and sourcing cycle times
Obtain optimal market prices in a short timeframe
Eliminate manually intensive negotiation efforts

Cost-cutting pressures - Too much emphasis has been placed on getting the best price available, you need competitive and comparable quotes that include shipping, taxes, cost of exchange and so on
Set up complexity - Auctions can be unpopular with suppliers, time consuming and difficult to coordinate with stakeholders
Burdensome supplier negotiations - Relying on manual communication methods increases negotiation cycle times and burdens your buyers

Capabilities

Multiple auction styles

QAD’s solution supports English Reverse, English Forward, Dutch Ticker, Japanese Ticker and others.

Real-time updates

Manage and monitor auction activity, calculate results and access information in real-time.

Awarding

Your team can complete the auction cycle by awarding contracts to one or multiple suppliers, either automatically or discretionally, with a complete audit trail.

Supplier performance

You can quickly implement agreements, track cost savings and monitor supplier performance.

Determine optimal market prices in the shortest possible time
Identify best-value award decisions based on total cost, not just on unit price
Apply multiple comparison factors to more accurately analyze commercial offerings
Maintain a log and audit trail of the entire process and auction progress
Boost visibility in the form of a ranking, best price or tier system
Run individual auctions, or let our experts organize as part of a full-service auctions offering
Ensure that auction activities and supplier collaboration are systematic, structured and transparent
Initiate multiple types of auctions from RFQ bids and manage auctions across multiple lots
Accelerate negotiation processes and maximize sourcing efforts
Determine auction viability by fully considering purchasing volume, competition, accurate comparisons and commitment to award
Utilize QAD auction services to ease the workload on your procurement team and ensure the best outcomes

QAD is 1A in terms of flexibility and usability.

Oliver Augstin, Procurement and Purchasing, EVN

The multinational manufacturer of performance luxury vehicles benefits from QAD with increased supplier collaboration, auctions and reduced supplier risk.

View Case Study

Further Information

Learn More

Auctions

Key Challenges

Capabilities

QAD Integrates with BMW Group’s Systems and Processes

Further Information

What is the Importance of Supplier Relationship Management (SRM)?

Digital Supply Chains: The Future of Supply Chains

Collaborative Supplier Relationships Mitigate Supply Risks

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