We’re proud here at Curtis Fitch about CF Suite eAuctions. We have years of experience supporting procurement teams in running and managing auctions and tracking the cost benefits.
eAuctions offer lots benefits compared to traditional auction methods. Here are our top 3 benefits:
1. Increased efficiency. Streamline the bidding process and reduce the time required for the auction to run. This often results in cost savings for both the seller and the buyer
2. Reach a wider audience. Online auctions can reach a larger audience than traditional auctions, as bidders can participate from anywhere in the world (assuming they have internet access). This can help increase the number of bidders and drive savings efficiencies
3. Data collection. Running online auctions can provide valuable data to sellers. For example, the number of bidders, the bidding behaviour of participants and the final sale price / bidders best offers. This information can be used to refine future auctions and improve overall sales strategies
eAuctions can be an efficient and effective way to buy and sell goods and services, whilst offering benefits to you and your suppliers.