AUCTIONS
Software Information

AUCTIONS DESCRIPTION

Auctions platform is a procurement tool that enables organizations, through electronic auctions, to conduct negotiation processes in an entrepreneurial way. Gatewit Auctions is a characterised by its simplicity, strategic for both the Promoters as well as for Bidders (buyers/suppliers). Given the transparency of the process, the inclusion of a larger database of suppliers, increased competition, as well as with decreasing the cycle time of the negotiation process, savings are enhanced.

HOW IT WORKS

  • Choose type of auction
    • Reverse auction
    • Dutch auction
    • English auction
    • Chinese auction
    • Japanese auction
  • Create the auction – setup parameters
  • Send invitations and automatically control of inscriptions
  • Auction room
  • Managing auction

BENEFITS

  • Important costs reductions
  • Award decision can be take very faster
  • Quick conclusion
  • Increase transparent operations
  • Breaking cartels
  • Bids in real time

WHO NEEDS

Organizations who need to obtain the best price by encouraging competition among bidders. Usually used as the last leg of Sourcing and Tendering, mostly when award decision is the price.

LOGIN AUCTIONS SOLUTION
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Features
Creating and scheduling auctions
Ability to creation and scheduling electronic auctions to buy or sell, easily and quickly.
Forms
Platform provides a form on which the rules, deadlines and reviews of the Auction should be defined. Whenever you create an auction, the same will be recorded in the database. The platform also provides the possibility of attaching documents (invitation, bill of quantities) that will be incorporated into the established auction.
Automatic invitations and management of subscribers
After the creation of the auction, the platform provides the flow, which is a kind of history that shows the entire circuit, from the preparation of the auction to its approval. Thus, it is possible to check all the actions performed.
Auction flow
After the creation of the auction, the platform provides the flow, which is a kind of history that shows the entire circuit, from the preparation of the auction to its approval. Thus, it is possible to check all the actions performed.
Approve or refuse auctions
When created, the auction is subject to approval. Once approved, the bidders selected and/or invited will be notified. However, it’s always possible refuse an auction that is not within the stipulated parameters.
Auction room
When an auction is approved, the platform provides a virtual auction room. In this sense, it is possible, in real time, to check the bidders´ actions, and thus, constantly supervise and monitor the results. Once supplier’s offerings are presented in a common format, it becomes easier to perform a linear comparative evaluation.
Non Functional Requirements
Suppliers data base
It is possible to globally gather a large number of suppliers, flexibly and in a short time.
Usability
Platform is agnostic and responsive, supporting a vast number of Systems Operating and browsers.
Customer service
This solution holds an audit log – detail the level of auditing including application and database.
Performance
Check the evaluation as a competitor in a given auction, the ranking of competitors and the best proposal.
What We Can Do For You
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