Wax Digital eAuction

Wax Digital eAuction delivers a mechanism for buyers to secure best value from their supply chain, driving competitive behaviour through the use of real-time online negotiations.

Organisations new to electronic sourcing, or with limited in-house purchasing resource, can take advantage of Wax Digital's managed service offering to maximise impact and minimise risk and resource burden. Our expert consultants work with you to help identify appropriate spend categories, qualify and engage with suppliers and ultimately run events with you.

If you are looking for a completely self-managed platform, Wax Digital eRFx and eAuction combine to deliver a full electronic tendering and auctioning suite that facilitates world-class strategic sourcing activities in an intuitive, rapidly deployable package. And our expert consultants are on-hand to help should you require any assistance with roll-out or category management.

Standard module features

  • Carry forward supplier tender details
  • Import and export for supplier and lot data
  • Multiple auction types
  • Set timeframe and rules for auctions
  • Attach supporting documentation (terms etc)
  • Real-time bid management and price/margin calculation
  • Buyer and vendor audited messaging facility
  • Auto extensions to prevent sniping
  • Multi-language facility
  • Comprehensive event reporting
  • Award vendor winner(s) for total auction or per lot
  • Helpdesk support services

In addition, where the organisation has also deployed Wax Digital P2P, Wax Digital eAuction works seamlessly to allow for re-negotiation against existing items within the P2P environment, including:

  • Search and select products for auction
  • Flag products for future auction
  • Automatically offer vendor selection for product profiles
  • Automatic population of requisition(s)

To find out more please contact us via this form or call on +44 (0) 161 3678375.
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