Billions of pounds are tendered annually on services and goods. Procurement like a profession is now a progressively more important focus. Companies recognise that in these times, coming out of an economic depression with increased global competition, a powerful procurement strategy could mean the difference between profitability and receivership.
E-procurement entered the scene within the nineties with the dotcom boom and e-markets. It took time to the real value to make light following your initial surge and consolidation. One technology which emerged in helping companies realistically and effectively at reducing cost was turned around auction.
However, because of procurement professional’s amount of comprehension of this new technology, the principal way of delivering benefits from auctions was via consultancy. Companies emerged supplying the potential for outsourcing this activity along with their benefits came from their skilled resource, cutting edge methodologies, systems and comprehensive supplier databases.
With all the general understanding of reverse auctions vastly improved within the procurement community and with universities teaching about e-procurement within their curriculums, increasingly more procurement professionals desire to run their particular tenders via reverse auctions.
Some of the companies have realised this and they are starting to sell their software stand-alone or being an add-on to a larger Enterprise Resource Planning (ERP) system. Miracle traffic bot continues to be expensive, cumbersome as well as assistance in best practice and training.
Thus there is now a space looking for a commoditised product. The fundamental concept is easy while there is a paradigm shift from ‘luxury’ based software, which uses a alternative party, to a commodity creation that any professional buyer can use.
By providing a mix of the aforementioned features, reverse auctions are increasingly being come to the next stage within their evolution. They’re not only building for the understanding already in the marketplace, however these tools could be showed for any buyer through providing an incredibly low barrier to entry regarding cost, usability and finest practice.
As with most services that start out getting used only by experts, reverse auctions now end up being commoditised. One only needs to discusses complex software such as engineering simulation, that’s moving in the hands of engineers on the CAD Jockeys, or web page design and check engine optimization tools which started off with a variety of specialized agencies but you are now at the disposal of consumers. Accountancy and CRM solutions have moved to the net model such as Clearbooks and Zoho opening complex applications on the SME market. This is actually the natural progression of software within our technological age.
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