an industry look at bidding goods and services in on-line reverse auctions. Objectives For Today. Industry trends in e-commerce What is an online auction? When can you use an online auction? What are the criteria to perform an action? A Case Study.
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an industry look at bidding goods and services in on-line reverse auctions
Pantellos is the leader in supply chain services and solutions in the energy industryWho is Pantellos and what do we do?
Strategic Sourcing (Supply Contracts)
Electronic Bid Management
Market Research &Benchmarking
First Bid $76.6M solutions in the energy industry
Buyer Goal $72.0M
Closing Price $64.9M
MillionsWhat Happens in a reverse Auction?
GSU Transformers Reverse Auction
Benefits to Buying Organizations solutions in the energy industry
Reduction in negotiation time and effort
Improved pricing, more representative of market
Introduction to new, quality suppliers
Improves internal processes
Shortens overall procurement cycles
Improved decision making capabilities
Provides market transparency
Compliments other supply chain initiativesAuction Value Proposition