eAuction Software
Increase Supplier Competition & Savings
Deploy different negotiation strategies to increase supplier competition, gain competitive advantage, and remove time-consuming, error-prone individual negotiations when using Scanmarket's eAuction software
Scanmarket is trusted by businesses across the globe
Built to Be Used
Electronic auction software doesn't generate value unless it is adopted by its intended users.
With the user at the center of everything, Scanmarket provides advanced functionality purposely built for the end-user in an effortless experience. Secure fast and broad adoption with a high level of agility.
Create Conditions for Better Deals
With expert support as our recipe for success, we provide process transparency in a seamless experience for both buyers and suppliers interacting with our electronic auctions software.
A Powerful eAuction Solution
Streamline your negotiation processes and reduce cycle times by 50%.
Negotiate with more prospective suppliers in a structured process that removes the need for time-consuming individual discussions.
Scanmarket delivers negotiation and process transparency, making it easier to compare potential suppliers and ultimately reducing the final price.
An Auction Platform can help you transform a traditional 3-4 week negotiation process with 4 suppliers into a fast and dynamic negotiation completed within 1 hour. This means 20+ rounds completed with 10-20 suppliers. Truly efficient purchasing software for all involved stakeholders.
Integrates with industry applications
Integrate with what you know and already use.
Scanmarket integrates with leading technology solutions to create an effortless experience for the end user.
Key eAuction Functionalities
Savings
Negotiation
Evaluation
Market Transparency
Multiple Types
Process Transparency
Supplier Credibility
Process Documentation
Templates
Stakeholder Communication
500+ Happy Customers
Scanmarket's software is built to make S2C management as simple as it should be.
But Don't Just Take Our Word for It
"There is no doubt that not only has eSourcing helped us to select the best suppliers, it has also resulted in significant savings and better market transparency. When you take a look at the overall result, I can say for sure that I would never have obtained savings as large as these in a traditional face-to-face negotiation."
Dániel Gál, Global Senior Sourcing Analyst at Grundfos
"Every single user has been creating their own events resulting in an outstanding 100% adoption rate."
"We made savings on eAuction, but we got so much more not just related to savings. The learning around it was a true success."
Breda Cok, Senior Category Manager at DFDS
The Benefits of Using Scanmarket eAuction
Challenges Scanmarket eAuction Solves
Scanmarket is Loved and Trusted by Customers
SotwareReviews asked real users what they thought about using Scanmarket and the value they received, here is what they had to say.
How Much Does Scanmarket Cost?
Companies of every size and type, from medium-sized manufacturing businesses to enterprise-level service organizations have made the move to Scanmarket. Looking for a better way to run your source-to-contract processes but wondering about the cost?
Users subscribe to Scanmarket for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for the initial setup.
As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.
24/5 customer support is included with the Scanmarket platform license.
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Scanmarket's S2C Procurement software is built to be used.
See for yourself how advanced technology can be as simple as it should be.
Frequently Asked Questions
Frequently Asked Questions
What can you purchase using eAuction software?
There are very few limitations when it comes to which products and services can be negotiated via e-auction tools. We recommend considering the areas below when evaluating if a category is suitable for use with auction software on your eprocurement efforts.
- Spend - Is the contract's size significant enough to generate supplier interest and prompt competition through procurement bidding?
- Specification - For auction software to be effective, specifications should be clearly written and unambiguous. This ensures that the suppliers know what they are bidding for.
- Suppliers - Are there enough suppliers in the marketplace to compete for a contract? The more suppliers you have, the more bids will be generated during the auction, and the better the savings you will achieve.
- Supply - Is the market supply competitive and with surplus capacity?
If you would like to know what others are auctioning when using strategic sourcing tools, check out our 2022 Global eAuction Index.
How much efficiency can you gain in your contract negotiation?
On average an electronic procurement auction runs for less than one hour, cutting out days or weeks from the traditional one-on-one negotiation cycle time. Copy and re-run e-auctions with prebuilt templates, and automate bid analysis and reporting.
This process optimization also allows you to optimize the strengths and skills within your procurement team by automating administrative tasks and saving time with prebuilt templates, dashboards, and reports.
Which auction types do you support on your procurement tool?
Scanmarket supports the following eAuction types & templates:
- Japanese
- Dutch
- List
- Cherry Picking
- CherryLotTM
It is important to have multiple auction types to choose from in order to design the best possible e-auction process.
The most used type of e-auction by our customers is Reverse Auction. 80% of all the auctions we see are Reverse Auctions:
- 58% Cherry Picking Auctions
- 16% List Auctions
- 6% CherryLot Auctions
The remaining use of e-auction types are:
- 2.5% CherryDutch Auctions
- 1.15% Japanese Auctions
- 2.5% Forward Auctions
Which type of support do you provide?
We provide 24/5 Quick Call support for your internal users and suppliers.
Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.
Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.