Huge amounts of pounds are tendered each year on products or services. Procurement being a profession is now a progressively more important focus. Companies realise that in these times, appearing out of an economic depression with additional global competition, an efficient procurement strategy often means the difference between profitability and receivership.

E-procurement entered the scene in the nineties with all the dotcom boom and e-markets. It required time for your real value arrive at light after the initial surge and consolidation. One technology which emerged in assisting companies realistically and effectively at reducing cost was the opposite auction.

However, as a result of procurement professional’s level of understanding of this new technology, the principal approach to delivering gains advantage from auctions was via consultancy. Companies emerged providing the potential for outsourcing this activity in addition to their benefits originated from their skilled resource, cutting edge methodologies, systems and comprehensive supplier databases.

Using the general understanding of reverse auctions vastly improved from the procurement community along with universities teaching about e-procurement within their curriculums, increasingly more procurement professionals need to run their own tenders via reverse auctions.

A few of the companies have realised this and they are needs to sell their software stand-alone or as a possible add-on to a larger Enterprise Resource Planning (ERP) system. Miracle traffic bot remains to be expensive, cumbersome as well as assistance in best practice and training.

Thus there is a gap searching for a commoditised product. The basic concept is simple because there is a paradigm shift from ‘luxury’ based software, which needs a 3rd party, to some commodity merchandise that any professional buyer will use.

By giving a mixture of these features, reverse auctions are taken up the next stage in their evolution. They’re not only building for the understanding already available on the market, however these tools may be easily opened up to your buyer by offering a really low barrier to entry with respect to cost, usability as well as practice.

As with most services that begin used only by experts, reverse auctions now find themselves being commoditised. One only needs to examines complex software like engineering simulation, that’s moving in the hands of engineers towards the CAD Jockeys, or web page design and check engine optimization tools which commenced having a plethora of specialized agencies however are now to consumers. Accountancy and CRM solutions have moved to the web model for example Clearbooks and Zoho opening up complex applications for the SME market. Here is the natural advancement of software in our technological age.

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