Tag: auction

SCM Insights
March 10, 2020

Optimize your procurement with online auctions

Matching themes: auction, Sourcing

An online auction lets you easily find the supplier with the best conditions in terms of price, product quality, delivery reliabilty, concept strength and more
An online auction lets you easily find the supplier with the best conditions in terms of price, product quality, delivery reliabilty, concept strength and more

Buyers in the manufacturing industry face a variety of challenges, such as volatile markets, high competitive pressure and ever shorter product cycles – catchword time-to-market – to name a few. Adding to that, manufacturing companies primarily source production components, placing high demands on quality and delivery time. But also the so-called indirect material offers a great potential for optimization. Many are asking how to optimize the entire purchasing process in such times. A promising approach is online auctions. Read more

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