Billions of pounds are tendered each year on products and services. Procurement as a profession is starting to become an extremely important focus. Companies realise that in these times, coming from a recession with increased global competition, an effective procurement strategy could mean the real difference between profitability and receivership.
E-procurement entered the scene in the nineties with the dotcom boom and e-markets. It required time to the real value to come to light as soon as the initial surge and consolidation. One technology which emerged in aiding companies realistically and effectively at reducing cost was the opposite auction.
However, due to procurement professional’s a higher level knowledge of this new technology, the main way of delivering advantages of auctions was via consultancy. Companies emerged providing the possibility of outsourcing this activity as well as their benefits originated in their skilled resource, cutting edge methodologies, systems and comprehensive supplier databases.
With the general idea of reverse auctions vastly improved inside the procurement community and with universities teaching about e-procurement in their curriculums, increasingly more procurement professionals want to run their own tenders via reverse auctions.
Some of the companies have realised this and so are needs to sell their software standalone or just as one add-on to a larger Enterprise Resource Planning (ERP) system. Miracle traffic bot remains to be expensive, cumbersome and needs assistance in best practice and training.
Thus now there is a niche searching for a commoditised product. The fundamental concept is not hard nevertheless there is a paradigm shift from ‘luxury’ based software, which requires a alternative party, with a commodity product which any professional buyer may use.
By providing a mixture of these features, reverse auctions are now being taken to another stage inside their evolution. Also, they are building about the understanding already out there, but these tools can easily be showed for any buyer by providing an incredibly low barrier to entry with regards to cost, usability and finest practice.
There’s services that begin being used only by experts, reverse auctions now end up being commoditised. One only needs to talks about complex software such as engineering simulation, which can be moving through the hands of engineers towards the CAD Jockeys, or web page design and search engine optimization tools which began which has a variety 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 towards the SME market. This is actually the natural progression of software in your technological age.
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