The eAuctions are the most beneficial way of conducting the negotiations. Using eAuctions will save a lot of time as the price negotiations can be conducted online in a rather short period of time. The market transparency and the possibility to counter bid will result as significantly reduced prices.

Noventia’s recommendation is that always when conducting eAuction process all the relevant factors affecting the final decision making should be evaluated and taken into account prior to the auction. This way it is possible to commit to the auction result, which in the long run, is the only correct way to get continuous benefits. One of the main things when entering the eAuction process is to prepare accurate specifications to guarantee the quality level. When needed samples can be reviewed prior to the eAuction.

Yes, our customers are continuously eAuctioning services with excellent results.

No, buyers still controls the whole buying process and is responsible for defining the auction parameters (start price, reserve price etc.). eAuctions can be regarded as a tool to automate one component of the process, which is getting the best market price.

The buyer always decides which companies are qualified to participate. All the qualified suppliers will have an equal opportunity of winning the eAuction.