Event Details

You have already joined in The eAuction masterclass (VIRTUAL) Event.

The eAuction masterclass (VIRTUAL)

May 19, 2020

Everything you ever wanted to know about eAuctions – but were afraid to ask. Which approach to use? Why? How? Who with?

Which of these do you know? Our expert will explain the difference between an eAuction and Reverse Auctions and provide a checklist of these too!

  • Traditional Auction Styles
  • Sealed Bid Auction (First Price)
  • English Reverse Auction
  • Dutch Reverse Auction
  • Yankee Reverse Auction
  • Contemporary Auction Styles
  • Vickrey Auction (Second Price)
  • Japanese Reverse Auction
  • Brazilian Auction
  • Discount Forward Auction
  • Multi-Attribute Auction
  • Buyout Reverse Auction
  • Hybrid Auction Styles

One unavoidable force will be acting upon procurement as we emerge from the lockdown – the demand for SPEED

Either because fast resourcing work is needed - as supplier risk is re-assessed or current suppliers become insolvent. Regardless, eAuctions can help. 

Yet, like anything else, you have to think through your objectives and eAuction sourcing strategy.

When planning an auction it is just as important to understand the psychology of each of the bidders as it is to choose an optimal strategy.

Points to consider that affect this may include:

  • Complacency of the incumbent
  • Value of information provided by the buying party
  • Visibility of RFI/P position
  • Existing Supplier Relationship
  • Product Confidence
  • Transition Costs
  • Valuation of business by marginal bidders / new suppliers

This webinar session will explain the theory and the practice, plus all the pros and cons, of how you can run your own eAuction or reverse auction successfully inside 30 days

An extensive Q&A session will give you the chance to ask every question in safe environment – submit your question online beforehand, use the CHAT bar, or ask away online yourself.

Your expert facilitator

Ben Shute FCIPS is the managing director of PURCHASING INDEX, a leading Australian procurement spend analysis, analytics & e auction provider headquartered in Melbourne.
https://www.p-i.com.au/ 
Ben received excellent feedback from the previous session he ran on reverse auctions in March.


This round-table is on at:

1.30 - 3.00pm (BNE, SYD, MELB) 

1.00 - 2.30pm (ADL)

3.30 - 5.00pm (NZ)


Event Details

The eAuction masterclass (VIRTUAL)
Event Detail Virtual - at your desk using Zoom
Map View on Google Map
Start July 30th, 2020. 13:30pm
End July 30th, 2020. 15:00pm
Status Event Details Closed

Other Details

Seats 24 persons
Attendees 14 persons
Location ,
Category One off sessions
Type Virtual