eAuction
Online auction (or e-Auction system) is the offering to buy or sell
goods or services between buyers and sellers, where they compete
to bid on prices within a specified timeframe via electronic media,
with the buyers and sellers being in different locations.
Online Auction System from Pantavanij
It comes with experts and computer engineers who will create and develop the platform, as well as provide consultation on maximizing the efficiency of the online auction process using the e-Auction system. This also enables organizations to launch competitive bidding quickly through the digital system, significantly enhancing their ability to procure goods and negotiate prices, while also helping to reduce operational costs and save time effectively.
Pantavanij offers comprehensive online auction consultation services from highly experienced experts to ensure the online auctions are successful and meet their objectives.
Creating conditions for competition is essential to obtaining the best price and service. Negotiation is extremely important as it helps in understanding the sellers and proposing reasonable prices. This step alone can help reduce costs by 15-30%
Reduce the time spent on price negotiation and receive results within 30 minutes. An online auction may involve bidders ranging from hundreds to thousands. This step also helps reduce complexity and effort by 50-70%
The seller selection, monitoring of price movements from the start until the close of the auction, and the ability to audit the online auction process from negotiation through to the final bidding, all instill confidence regarding the transparency of the auction.
Single-variable Auction
“This is an auction where online bidders can submit an unlimited number of bids. They are able to see the final price offered by other bidders but will not know the identity of the bidder who submitted it. The system will display a ‘hammer’ icon only on the screen of the bidder currently holding the leading price.
The goods or services to be auctioned online must meet the same standard
(level of quality) and bidding is offered per single unit or per project.
Multi-variable Auction
This is an auction designed to conduct multiple online auction events simultaneously while considering more than one factor. It applies the principle of Price Per Performance (PPP), which is determined by the auction initiator and cannot be changed.
The system automatically calculates the PPP value. The result is that the auction initiator receives goods at a price appropriate to their quality.
