Reverse eAuction Delivers Fast Cost Savings and Vendor Onboarding 

Auction Stage: CPO (Converted Purchase Order) 
Category: Cables – High-Volume Requirement 
Procurement Mode: Reverse Auction via Our eAuction Platform 

Client Objective 

To onboard a vendor for a large-volume cable procurement while addressing cost constraints and maintaining project timelines. 

eAuction Strategy 

• A reverse auction was launched post-initial quote evaluation to unlock competitive pricing. 

• Start price was based on earlier supplier quotations. 

• Multiple qualified vendors participated, with dynamic bidding leading to significant price correction. 

Platform Impact 

• Achieved ~1.8% cost savings through transparent, real-time bidding. 

• Enabled quick vendor finalization without extending procurement timelines. 

• Buyer proceeded to SPO issuance with confidence, supported by the auction’s data-driven pricing outcome. 

• Material was delivered as per schedule with aligned payment terms between both parties. 

Result 

The eAuction platform streamlined the vendor onboarding process while delivering immediate cost benefits. With clear pricing intelligence and timely execution, the buyer successfully met both budget and delivery objectives—demonstrating the agility of digital sourcing.