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When and How Can You Use eAuctions as part of your Sourcing Tool Kit

Philip Ideson : January 25, 2016

Art of Procurement Podcast

On this weeks episode of The Art Of Procurement, we are joined by Alun Rafique and Nick Drewe, co-founders of Market Dojo, to discuss when and how you can use eAuctions as part of your Sourcing Tool Kit.

Market Dojo is a niche technology provider in the procurement space who provide primarily e-auction technology.

 
 

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“I don’t think we’d rule in or rule out any particular category for an eAuction.”

 

In this episode, you will learn:

  • What is an e-auction
  • The pro’s and cons of different types of auctions such as Ranked, Open or Japanese auctions, and when it makes sense to use each type
  • How using an e-auction does not mean the sourcing award has to be based solely on price
  • How suppliers are validated to go into auctions to make sure they are able to provide the business that is up for grabs
  • What needs to be present for an e-auction to be successful
  • The one key aspect that is key to determining if an e-auction is appropriate or not
 

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