Thursday, 5 January 2017

Spend Matters - The A-Z of Reverse Auctions

We are delighted to have our recent article on the A-Z of Reverse Auctions published on Spend Management blog, Spend Matters
The article highlights our A-Z complication of categories that have been eAuctioned through our Market Dojo platform, including the average savings of the reverse auctions, in hope that it might provide encouragement to others!

Here is a snippet of what you can expect within the article:

Automotive parts have seen an average saving of 32.5% across items like bus batteries, bulbs, doors, mirrors and windscreens.

Bedding has been auctioned on our platform 7 times, with an average saving of 33%.

Construction works is by far the most popular category in the ‘C’s with over 500 auctions run through our tool, with great success too - average savings are 16%.

Digital Media brings us into the contentious area of Marketing. However, with an average saving of 26%, it has salvaged many a departmental budget crisis.

Energy is a very popular category with a 7% average saving and one we see great opportunity for an “eMarketplace”, equipped with standardised templates and pre-approved vendors to make this auction category accessible to all.

To read the full article, visit the Spend Matters website here.

Market Dojo helps procurement professionals negotiate better with our on-demand eSourcing tools. If you’d like to find out more, get in touch or register for free and play around with our software for yourself!


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