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Indian Fortune 500 Companies have one thing in common when it comes to Reverse Auction (RA) PowerPoint Presentation
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Indian Fortune 500 Companies have one thing in common when it comes to Reverse Auction (RA) - PowerPoint PPT Presentation


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Indian Fortune 500 Companies have one thing in common when it comes to Reverse Auction (RA). Total Spend Management Solutions: Spend Analysis Category Management eSourcing eTendering eRFQ eRFP/RFI Reverse Auction Forward Auction eProcurement Contract Management Supplier Management.

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Presentation Transcript
slide2

Total Spend Management Solutions:

  • Spend Analysis
  • Category Management
  • eSourcing
    • eTendering
    • eRFQ
    • eRFP/RFI
    • Reverse Auction
    • Forward Auction
  • eProcurement
  • Contract Management
  • Supplier Management
about us
About Us:
  • A profit making Co. promoted by eProcurement pioneers
  • India’s First ISO 27001 Co. in spend management domain
  • Powered by a dedicated team of 300 employees & partners
  • Preferred Spend mgt. partner of India’s fortune 500 Companies
  • Pan India Network with Head Office in Ahmedabad, India
competitive advantages
Competitive Advantages
  • We annually enable Spend in excess of Rs.10,000+ Cr for Govt. & Pvt. Cos.
  • Our Solutions are built using Free & Open Source software for lower TCO
  • We offer complete Spend Mgt. tools integrated with ERP & other systems
  • We comply to IT ACT 2000, CVC, PWD, MDB, World Bank & other guidelines
  • Our Global support desk offers 24*7 customer support, 365 days
  • Service offered on SAS Model i.e. Pay/Event Fixed Fee/Yr or Software License Sale
our customers
Our Customers >

Few of our Corporate Customers :

  • ICICI Bank Limited (entire Group)
  • Essar Group
  • Gujarat Gas Limited
  • Cadilla Healthcare Limited
  • Sterlite Technologies Limited
  • Delhi International Airport Limited
  • Acme Tele Power Limited
  • Noida Power Corporation Limited
  • Motherson Sumi Systems Ltd.
  • Maruti Suzuki India Ltd.
few more customers
few more Customers >>

Some of our Indian PSU Customers:

  • Bharat Heavy Electrical Limited
  • State Bank of India
  • Union Bank of India
  • Bank of Baroda
  • Kudremukh Iron Ore Company Limited
  • Hindustan Newsprint Limited
  • Mazagon Dockyard Limited
  • Container Corporation of India Limited
  • Bharat Petroleum Corporation Limited
  • Indian Oil Corporation Limited
  • Bank of India
slide7

Start Price

Rs. 300 Lac

Decrement

Rs. 1 Lac

Savings

Rs. 10 Lac

Rs. 25 Lac

Rs. 20 Lac

Rs. 25 Lac

-NA -

Rs. 1 Lac

Time Left

30.00 Min

50.00 Min

60.00 Min

4.00 Min

0.00 Min

1.00 Min

Round

0

Round

3

Round

4

Round

5

Round

2

Round

1

Bid has come in Last 1 min, will be extended by 5 Min

Bid has come in Last 1 min, will be extended by 5 Min

No Bid received in last 5 min, Auction closed & awarded

Bidders

Last Bid

Current Rank

Status

No Bid

Rs. 299 Lac

Rs. 275 Lac

Rs. 299 Lac

Rs. 275 Lac

Rs. 299 Lac

L 2

L1

L 3

- NA -

L 1

L 1

Awarded

Received

Received

Received

Received

- NA -

Rs. 290 Lac

Rs. 290 Lac

Rs. 290 Lac

No Bid

Rs. 290 Lac

L 3

L 2

L 3

L 1

- NA -

Received

Received

Received

Received

- NA -

Rs.280 Lac

Rs.280 Lac

No Bid

Rs.280 Lac

L 2

- NA -

L 2

L 1

Received

Received

Received

- NA -

No Bid

- NA -

- NA -

Reverse Auction (Concept)

Let’s take an example where you intend to buy 10 Wind Turbines & your estimated costs is Rs.300 Mn and for the same you have short listed 4 Bidders.

Let’s keep the auction times as 1 Hour with extention of 5 Minutes, if bids comes in last 5 minutes and decrement value of Rs. 1 Lakh

slide8

RFP Module

Market Making

Dashboard

RA Engine

RFQ Module

Form Manager

RA Configuration

Security, CMS, Notification

Reverse Auction Modules

User Management, Roles & Rights Management,

Work Flow Module

slide9

Reverse Auction Engine

Clock Auction

Index Auction

Dutch Auction

Floor Price Auction

RA Variants Supported

Transformational Auction

Preferential Auction

Rank Auction

Standard Auction

slide10

RA Engine Features

# 1 Auction accessibility

Open

Closed

# 2 Currency options

Single

Multiple

# 3 Auction staging

Standalone

Serial

# 4 Bid submission options

Manual

Auto / Proxy

# 5 Start price setting

Defined

As per 1st Bid

# 6 Bidder mapping options

For an Event

For Line item

# 7 Security Options

PKI Version

Non PKI Vr.

# 8 Top Bidders Compete

Allowed

Not Allowed

slide11

more RA Engine features

# 9 Line items/Event

One

Multiple

# 10 Bidders Mapping

For event

For line item

# 11 Closing date can be for

An event

Line item

# 12 Extension allowed

Fixed

Variable

# 13 Decrement Value

Fixed

Variable

# 14 Decrement can be in

As Value

As % of Bid

# 15 Decrement should be

Min. or more

Min. or multiple

# 16 Bidder Name to be

Masked

Unmasked

slide12

even more RA features

# 1 Dedicated micro website for conducting auctions

# 2 Ability to Block errant bidders from Bidding

# 3 View Live & Offline Bidders during an auction

# 4 Ability to reject bid, to save event from being scrapped

# 5 Ability to flash a message to bidders during live event

# 6 Ability to Pause / cancel an Live event

# 7 Clock showing Current, Lapsed & Left date & time

# 8 Easy to use Graphical User Interface

slide13

RA MIS Reports

# 1 L1, L2, … chart showing last bids of all bidders

# 2 Bid history of all bidders with date & time

# 3 Audit trail report tracking each & every activity

# 4 Details of Bidders along with his contact details

# 5 Auction Summary & Details post auction

# 6 Bidders Login Report & current status (online/offline)

# 7 Graphical representation of auction Progress

# 8 Till date report of Auction Conducted, Savings, etc.

slide14

Manual Negotiation vs Reverse Auction

Existing Manual Process

Reverse Auction

# 1 Need based procurement

Strategic Procurement

# 2 Closed Group Procurement

Open & Transparent Process

# 3 One 2 One Negotiation

One to One Competition

# 4 Fewer, Local Suppliers

More, Global Suppliers

# 5 Expensive Process

Process that guarantees ROI

# 6 Prone to manipulation, errors

Accurate & Trusted process

# 7 Purchase Manger Friendly

Suppliers & Stakeholders Love it

our achievements
Our Achievements
  • We enable more RA in India than any of our competitor in terms of Value, etc.
  • Single RA valuing Rs.380 Crore/ 3.8 Bn successfully enabled for BHEL
  • Single Event comprising of 67 Vendors & 10 Line items enabled successfully
  • Global RA supporting 5 different Currencies successfully completed
  • Single Event lasted for more than 14 Hours, which was planned for just 1 hr
  • Average saving has been in range of 5 – 20% depending on product auctioned