Demystifying eAuctions – How to Source Smarter, Faster and Better


Date :August 17, 2021 01:00 pm ET (UTC-5)
This webinar is only available to SIG Members

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Rising costs are putting extensive pressure on the enterprise. Companies are looking for ways to better manage the cost of goods sold (COGS) and help the bottom line. Procurement organizations need to explore alternative ways to reduce sourcing costs and drive value right now amid all of the volatility. 

eAuctions are a great method for helping firms maintain speed to market in an economic environment riddled with scarcity, increased sourcing risk and complexity. Although they are not a substitute for traditional negotiations, eAuctions – including reverse eAuctions – are a modern innovation that can make a substantial impact. The problem? Despite the many benefits that eAuctions offer, they are a grossly misunderstood and underutilized strategy. 

In this webinar moderated by SIG, GEP’s Director, Marin Aravind and Senior Associate, Lavanya Krishnan, will demystify eAuctions and share best practices that enable procurement to function like a profit center by improving cost visibility, driving incremental savings, enhancing compliance and optimizing efficiency. 

On the Agenda:

  • Demystifying the myths about eAuctions
  • Unlocking the true value of eAuctions through game theory and automation
  • The future of eAuctions 

Following the panel discussion, audience members will be able to take part in the dialogue in a live Q&A session.