eAuction

Hitachi Astemo Buyside | eAuction INTRO

Find the best supplier in terms of costs and conditions

Effortlessly negotiate prices and additional requirements on SupplyOn, ensuring transparency and minimal effort. Beyond price, define crucial criteria like delivery reliability and product quality, facilitating a comprehensive supplier selection.

The automated awarding process is transparent, traceable, and tamper-proof. Optimal results hinge on selecting the right auction rule and awarding method, tailored to the material group and objectives.

Suppliers' bids are binding, enabling real-time tracking and post-auction evaluation by your purchasers.

Hitachi Astemo Buyside | Benefits Teaser

Benefits and Functions

Cost-Efficiency

Reduce your purchasing costs by finding the supplier with the best conditions.

Reduce manual effort

Streamline processes with automated, predefined awarding, reducing manual efforts and accelerating decision-making.

Transparent Negotiations

Ensure internal approval through a neutral and transparent negotiation process, enhancing accountability.

Save Time

Accelerate request and quotation processes, saving time with shorter negotiation periods and simultaneous price negotiations.

Hitachi Astemo Buyside | eAuction Process Intro

How to setup an eAuction?

Login to SupplyOn and click in the navigation bar on 'SupplyOn Services' and select 'Sourcing' and then 'eAuction'. You will be directly taken to the Service Dashboard.

NOTE: You need the role SourcingBuyerStandard, to be able to set up the auction. If you do not have the appropriate role, you must request it from your user administrator.

Auction Types

The SupplyOn eAuction offers you different auction type:

Price/English Auction

Based on a starting price and depending on the auction setup for example, bidders have to reduce (purchase auction - falling price) or increase (sales auction - increasing price) the bid price. Bidders can submit bids multiple times based on their own last bid or the current best bid of a competitor. During the auction, all bidders receive anonymized information about their competitors' bids.

Traffic Light Auction

Depending on the auction setup, the bidder must reduce (purchase auction - falling price) or increase his best bid (sales auction - increasing price). After each bid, bidders will be shown one of the three traffic light colors (red, yellow, green) for positioning in the participant field. With the auction setup, information on the neutral range and target price are mandatory, since they control the display of the corresponding traffic light color. Only one bidder can see green at a time.

Dutch Auction

Speed up the auction and set a starting price, define price steps and duration time. This allows you to auction off orders over a defined period of time.

Japanese Auction

Enforce competition for potential bidders and set a start price, define price steps and duration time. After each confirmed price step, the remaining bidders receive an information about other competitors who confirmed the price step as well.

Rank Auction

The ranking auction represents an intermediate stage between the price auction and the Traffic light auction. Depending on the auction setup, the bidder must reduce (purchase auction - falling price) or increase his best bid (sales auction increasing price). After each bid, bidders are only shown their rank in relation to other bidders for positioning in the field of participants. Bidders receive no information about the currently best competitive bid.

First Price Sealed-Bid Auction

Here bids are placed once and undercover. Only you have an overview of the individual bids as soon as the auction is closed. The supplier with the lowest bid wins.

How to set up an eAuction?

Watch the videos in the Further Information section.

Further information

Hitachi Astemo Buyside | eAuction Key User Guide

This manual contains the description of setting up and performing an auction.

hitachi_astemo-buyside_auction_key_user_guide_en_0.pdf