Some suppliers initially hesitate because eAuctions introduce greater competition and transparency.
However, once suppliers participate, they often prefer eAuctions because:
- They get real-time market feedback on pricing. - They have equal opportunities instead of closed-door negotiations. - They can adjust bids dynamically rather than submitting a single RFP price.
What support is available for buyers and suppliers?
CROWN provides end-to-end support, including:
- Live training sessions before eAuctions. - Technical assistance for suppliers adjusting to the platform. - Real-time auction monitoring and guidance for procurement teams.
How long does it take to prepare an eAuction?
It typically takes 1-2 weeks to prepare an eAuction, depending on category complexity and supplier engagement.
Key Steps in eAuction Preparation:
- Category & Supplier Selection (1-3 days) – Identify qualified suppliers and ensure competitive participation. - Supplier Engagement & Training (3-5 days) – Educate suppliers on eAuction process. - eAuction Setup & Testing (3-5 days) – Configure auction parameters, pricing models, and test runs.
Who in my company should be involved in an eAuction project?
For a successful eAuction implementation, key stakeholders include: - Chief Procurement Officer (CPO) – Sets procurement strategy. - Category Managers – Oversee sourcing and supplier relationships. - Finance Teams – Validate cost savings. - Legal & Compliance Teams – Ensure regulatory and contractual alignment.
What’s the easiest way to test eAuctions?
The best way to experience the value of eAuctions is to run your first one. How to Get Started:
- Book a demo – A live walkthrough of CROWN’s platform. - Define a pilot project – We help you select the best category to start with. - Get full support – CROWN handles training, supplier onboarding, and execution.
What if my company has never used eAuctions before?
That’s where CROWN’s full-service support comes in! We provide:
- Strategy workshops to identify the best categories. - Training for procurement teams and suppliers to ensure smooth adoption. - Live eAuction coaching to optimize competition and results.