Immeasureable pounds are tendered yearly on products and services. Procurement like a profession is now an ever more important focus. Companies recognise that in these times, taken from a recession to comprehend global competition, a powerful procurement strategy often means the real difference between profitability and receivership.
E-procurement entered the scene from the nineties using the dotcom boom and e-markets. It took time for that real value to make light following your initial surge and consolidation. One technology which emerged to help companies realistically and effectively at reducing cost was overturn auction.
However, because of procurement professional’s degree of knowledge of this new technology, the primary method of delivering gains advantage from auctions was via consultancy. Companies emerged supplying the chance of outsourcing this activity as well as their benefits originated in their skilled resource, leading edge methodologies, systems and comprehensive supplier databases.
Together with the general idea of reverse auctions vastly improved inside procurement community along with universities teaching about e-procurement in their curriculums, more and more procurement professionals wish to run their own tenders via reverse auctions.
A few of the companies have realised this and they are beginning sell their software stand alone or as a possible add-on into a larger Enterprise Resource Planning (ERP) system. Quite sure is still expensive, cumbersome and requires assistance in best practice and training.
Thus there happens to be a space looking for a commoditised product. The basic concept is simple because there is a paradigm shift from ‘luxury’ based software, which requires a alternative party, with a commodity merchandise that any professional buyer are able to use.
By offering a mixture of these features, reverse auctions are taken up another stage of their evolution. Not only are they building around the understanding already available, however, these tools could be exposed to your buyer through providing a very low barrier to entry with regards to cost, usability and greatest practice.
As with most services that start used only by experts, reverse auctions now are being commoditised. One only must talks about complex software including engineering simulation, which can be moving from your hands of engineers towards the CAD Jockeys, or web page design and search engine optimization tools which started out with a plethora of specialized agencies but are now to consumers. Accountancy and CRM solutions has progressed to the net model such as Clearbooks and Zoho opening complex applications on the SME market. This can be the natural growth of software within our technological age.
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