Auctions

Auctions
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With QAD Allocation Auctions you determine the optimal market prices in the shortest possible time.

Benefit from our many years of experience as a service provider for well-known companies: As an external specialist, we take over the handling of your auction from A to Z and help you to make the best possible and targeted use of auctions in purchasing. With QAD Allocation you have an experienced and strong partner for your full-service auctions at your side.

With our possibilities not only simple and standardizable goods and services are suitable for auctions: Production material, capital goods, indirect materials and services are common procurement objects that are negotiated in auctions. Optionally, you are also able to display awards of contract.

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You want to analyze and control the current market prices?
You want to analyze and control the current market prices?

Watch our explainer video now or simply make an appointment for a free demo presentation.

Optimal market prices in the shortest possible time

Get the most out of the negotiation situation with our negotiation module and achieve relevant savings.

Simple to complex

Whether single-price auctions or complex structures – we completely map your individual ideas.

Full-Service

Draw on our expert knowledge and build internal expertise with full-service auctions.

Bonus/Malus

Ensure comparability in your negotiations – use absolute and relative weightings in your auctions to do this.

Transparency

Our system offers optimal transparency in the course of the auction, among other things by means of result overviews and graphics.

Competition

Achieve increased competitive pressure between bidders.

The components of Auctions at a glance

Auctions provides organizations with the ability to achieve the best possible procurement outcomes by customizing the auction design to the negotiation situation and award strategy. It enables procurement teams to manage events where market prices are negotiated and set based on the capabilities and price limits of the participants. It also adapts to your organization’s required workflows based on your standards.

Below is an overview of the Auctions components:

  • Transfer from Sourcing

    An auction can be started at any time as a final form of negotiation from a tender.

    After a successful auction, the prices achieved can be transferred back into the tender format. The advantage for you is that the entire tendering process – from the notification of requirements, specification and invitation to tender to the auction and subsequent contract award – is documented in a single tender file.

  • Template design

    Whether single-price auctions or complex structures: QAD Allocation completely reflects your individual ideas.

    Thanks to the flexible template design, all doors are open to you for successful auctions. QAD Allocation takes into account bonus/malus rules, internal calculations or exchange rates – all in a live auction, fully automatically.

  • Ticker Auktion

    In the Japanese auction, the buyer sets a starting price, which decreases during the duration of the auction. The seller or supplier must confirm that they are willing to sell for this price at each automatic price step down. If only one supplier is willing to deliver for a current price, that supplier is awarded the contract.

    In the Dutch/Dutch ticker auction, the buyer sets a low price, which automatically increases periodically during the auction period. The supplier who agrees to a price is awarded the contract and the auction ends.

    Features:

    • For one price item per auction
    • Ticker steps determined by the purchasing department
    • No transparency for suppliers
    • Only one bid per auction: The winner ends the auction immediately
  • English Auction

    The English Forward Auction is also often referred to as the “Ebay Auction”. A seller offers his products and in the ideal case many buyers bid on the product. The bidder with the highest price wins.

    The English reverse auction is the reverse “Ebay auction”. The purchasing company specifies its requirements and auctions them among several competing suppliers. Starting from a customer-side entry price, these suppliers underbid each other until the tendering phase ends in a defined manner.

    Features:

    • Most common auction type
    • For one or more values
    • Transparency on input fields or calculated results
    • Competition is achieved through the chosen transparency
    • Good information about individual price limits per participant
  • Transparency

    Depending on the auction type, the following options are available to increase transparency for the bidder:

    Traffic light

    • Position in the participant field in the form of the traffic light colours: green – yellow – red
    • Individual definition of the bandwidths per traffic light colour
    • Pre-qualification for further negotiation steps (also combinatorial auction)
    • The consequences of the traffic light colours are formulated in the award rule

    Rank

    • Shows the participant his position in the competition with a rank
    • The minimum step size / check is related to the last own offer per supplier
    • Identical offer values can optionally be evaluated according to their time of receipt

    Best price

    • Participants can see the price of the best offer
    • The minimum step width/check is related to the best bid
    • Suitable in case of low spread or good estimation of the bidding behaviour of the participants (danger of missing dynamics)
    • Publication of the actual award value for all participants

    Reservation price

    • Target price can be linked to the award rule
    • Examples of reservation prices: Internal production costs, target prices (budgets)
    • The amount of the reservation price is not communicated to the suppliers
    • Reaching the reservation price triggers the following message to all participants: “The reservation price has been reached.
    • Consequence is formulated in the allocation rule
  • Cost-Breakdowns

    Thanks to the flexible auction creation with the QAD Allocation Auction Module, you can conduct complex, interlocking cost-breakdown auctions.

  • Bonus- / Malus

    Comparability – implementation of bonus/malus in auctions

    • The stored bonus/malus is not visible for the suppliers in the system
    • The participant only receives the display of the “adjusted” rank
    • Bonus/malus can be specified as an absolute or relative value

    Example “absolute” malus:

  • Monitoring

    QAD Allocation offers you optimal transparency in the auction process at any time, you have all important aspects at a glance. In the auction cockpit, the results are calculated and visualised in real time. You can choose between result overviews and graphics.

Savings of up to 10%(Source: Studie Elektronische Beschaffung (Study on electronic procurement), BME, Universität Würzburg, HTWK Leipzig 2015)
Auctions En
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Other QAD Allocation modules

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Sourcing

Make your tenders
more efficient!

Store your relevant requirements and compare the offers of all suppliers, control the entire tender process and process the results of your award electronically.

symbol_supplier_management

Supplier Management

Optimize your
supply performance!

Gain the best-performing suppliers for specific procurement tasks through targeted information. An interplay of strategic supplier management and tactical sourcing processes.

symbol_collaboration

Collaborations

Simplify your internal
processes!

Model typical workflows between internal users and suppliers. Activities in your purchasing organization and communication with your suppliers run systematically, regulated and transparent.