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Benefits of Online Auctions
to Vendors
 An excellent avenue for test pricing
of new products.
Useful in clearing excess inventory
& used machinery in a cost effective manner.
Enables savings on distributor margins.
Benefits of Online Auctions
to Buyers
Enhances reach leading to cost effective procurement.
An avenue to locate critical requirements
that are otherwise not easily available.
Applicability of Online Auctions
Low value, low volume goods.
Liquidating excess inventory, used
or end of line goods.
Complementing existing channels for
goods and services.
Capital Goods sales.
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Benefits of Online Reverse
Auctions to Vendors
Ensures Savings in marketing costs
/ distributor margins.
Allows vendors to access hitherto
inaccessible buyers.
Facilitates flexibility in pricing
decision.
Benefits of Online Reverse
Auction to Buyers
Helps achieve significant reductions in procurement costs
on account of Dynamic Bidding.
Access to a large number of vendors.
Dynamic bidding process.
A tool for efficient price discovery
complementing the direct negotiation process.
Applicability of Online Reverse
Auctions
High value, large volume goods
Capital goods.
Direct Materials / MRO items.
Periodical rate contracts.
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