Key Features
Whether you need to sell a limited supply of overproduction of a single product, or negotiate a multi-year contract for raw materials, transportation and services, we can structure an event to maximize your negotiating advantage. Only the bidders you designate are invited to the event and Supply Chain Connect can handle all of the communication, training and coordination on your behalf.
Depending on your needs, Supply Chain Connect can provide a broad range of services. Prior to a bidding event, we can perform a spend analysis, conduct a price benchmarking study, develop a procurement strategy, or identify new suppliers or customers. Once your event strategy is complete, we can execute and auction using our proprietary, web-based tool. Our project managers and support staff can provide the training, monitoring and event management necessary to ensure you get the optimal results.
In support of our electronic auctions, we employ a proprietary application that has the complexity and flexibility to structure a private, online bidding event designed specifically for your needs. Invited participants will see a simple user-interface allowing them to easily bid on your requirement, and immediately receive feedback on their competitiveness of their bid. You will have a variety of screens and reports to monitor the event in real-time. Behind the scenes, Supply Chain Connect uses the application to configure each event, communicate with the bidders, optimize award scenarios, and ultimately communicate your award decisions.
Our tool has the most advanced bidding design features available, including:
- Multi-variable bidding
- Multi-line bidding with grouping
- Formulaic bidding
- Bid handicapping
- Single or multi-round events
- Dynamic or sealed bid structure
- Real-time bidder feedback
- Configurable event parameters (extension periods, bid improvement rules, etc.)
- Proxy-bidding
- Mass-updating of bids
- Bid analysis reporting and graphing
- Our electronic auction platform is secure and dependable. We have conducted hundreds of successful events, on a global basis, supporting hundreds of users in real-time.
