E-Auction
Updated: Apr 18
It is the method in which the following benefits are provided by making the purchases made by the companies through the tender procedure via an electronic environment.
Shorter processing time
Transparency,
Keeping personal relationships aside,
Profit maximization,
Giving the supplier trust.
The main challenges are;
It is necessary to ensure the trust of the suppliers in the system,
Requires prior training of suppliers,
Obligation to have experienced personnel to manage the tender,
Lack of belief (A belief that I can negotiate better) because it is different from classical purchasing processes,
The common law of purchasing from the winning firm.
The main types of electronic tenders;
Dutch Type
British Type
Japanese Type
Yankee Type
Brazilian Type
