Due North's eAuction solution facilitates reverse, transformational and forward negotiation between buyer and suppliers.

The online electronic software enables buyers to demonstrate quantifiable and tangible savings, that are so valued in the current economic climate. As well as reducing the costs, forward auctions can be used to sell assets to generate revenue.

The key issues procurement professionals face are:

• Achieving cost savings without compromising on quality
• Having prolonged negotiations with suppliers
• Pressure to achieve best price on framework contracts
• Disposal of redundant assets

Solution Features

• Separate lots with different weightings
• Graphical and audible representation of bids
• Baseline visibility showing actual savings in real time
• Countdown clock
• Transparent messaging facility within the auction
• Free supplier practice auction

Solution Benefits

• Efficient, open and transparent negotiations
• Increased quantifiable savings
• Encourages competitive pricing in an open market
• No compromise on price over quality
• Removes the need for protracted price negotiations, saving time and money