Auctions

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

Key Challenges

  • 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.

QAD is 1A in terms of flexibility and usability.

Oliver Augstin, Procurement and Purchasing, EVN

QAD Integrates with BMW Group’s Systems and Processes

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

Further Information

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

Learn More

Digital Supply Chains: The Future of Supply Chains

Learn More

Collaborative Supplier Relationships Mitigate Supply Risks

Learn More

Let's Talk

I'm interested in QAD Adaptive Applications.