This week's Knowledge Nugget will touch on the benefits of auctions. This 3 part post will cover why auctions work, auction decision making, tangible benefits of auctions, proof of savings, when not to used auctions, and common misconceptions of auctions. Part 2 will discuss tangible benefits of auctions and proof of savings.
Tangible Benefits of Auctions
The Savings Proof is in the Pudding
*Data based on all Ariba-managed sourcing projects run on Ariba software
Did you know...
Within your Ariba Sourcing application you can do the following types of Reverse Auctions:
Don’t forget in the cloud there are buyers and sellers:
You usually use Ariba Sourcing to collect information or pricing on things you want to buy. So sellers, don’t forget in a forward auction, you want to sell rather than buy. Instead of inviting suppliers to compete to offer you the lowest cost, you invite buyers to compete to offer you the highest price.
Next post covers alternative strategies and common misconceptions of auctions. The link below will take you there.
This has been another Knowledge Nugget post brought to you by Beverly Dunn.
For more information or details please feel free to contact me!