When is it worthwile to use e-auctions?

E-auctions have established themselves as a procurement instrument in the B2B sector. This is because companies can demonstrably save costs with this model, as study results from the University of Würzburg, the HTWK Leipzig and the BME show. According to these results, online auctions reduce purchase costs (by – 10%) and process costs (by – 9%). But electronic auctions are not the optimal procurement instrument for every company and product. For an e-auction to be successful and beneficial for the company, the purchasing project must meet four central requirements.

Use this checklist to check whether e-auctions are worthwhile for your organization!