5 benefits of using the procurement auction

🔥👀 Using a procurement auction application like BzCall.com can bring several significant benefits to an organization. Here are five key aspects:

1. Cost Savings

  • Competitive Bidding: By fostering a competitive environment, BzCall.com enables suppliers to bid against each other, driving down prices. This competitive pressure can lead to significant cost reductions for the organization.
  • Transparent Pricing: The transparency of the bidding process ensures that the organization pays fair market prices, avoiding overpayment for goods and services.

2. Increased Efficiency

  • Streamlined Procurement Process: BzCall.com automates much of the procurement process, reducing the time and resources required to manage supplier interactions, evaluate bids, and select winners.
  • Real-Time Bidding: The real-time nature of auction-based procurement allows organizations to make faster decisions, accelerating the overall procurement cycle.

3. Enhanced Supplier Relationships

  • Broader Supplier Base: The auction platform can attract a wider range of suppliers, including smaller or less-known companies that may offer competitive pricing or innovative solutions.
  • Objective Evaluation: The fairness and transparency of the auction process build trust with suppliers, leading to more reliable and collaborative relationships.

4. Increased Transparency

  • Fair Competition: BzCall.com promotes transparency by ensuring all suppliers have equal access to information and an equal opportunity to bid. This reduces the risk of favoritism or biased decision-making, leading to fairer procurement outcomes.
  • Clear Audit Trail: The digital nature of procurement auctions provides a detailed record of the bidding process, including bid histories and supplier interactions, which can sometimes be essential for audits and regulatory compliance.

5. Risk Mitigation

  • Reduced Supply Chain Risks: By diversifying the supplier base and creating a more competitive environment, organizations can reduce their reliance on single suppliers, mitigating risks associated with supply chain disruptions.
  • Compliance and Accountability: The transparency and documentation provided by the platform help ensure compliance with procurement policies and regulations, reducing the risk of legal or regulatory issues.

In summary, these benefits collectively enhance the overall procurement function, driving cost efficiency, improving supplier relationships, and ensuring compliance and strategic decision-making within the organization.

Written by Gert 

Last time edited: 13.08.2024

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👉 Check it out and follow the BzCall.com platform LinkedIn homepage https://lnkd.in/dZcfbymW

👉 Check it out and follow the BzCall.com platform Facebook homepage https://www.facebook.com/BzCall.auction

⭐ Here’s a quick overview of how easy it is to launch a mini-procurement auction through the BzCall.com platform https://lnkd.in/dWv5Z6BT

What are the main advantages of mini-procurement auctions? 👇👇👇

The real benefits of mini-procurement auctions:

🍓 A good tool to reduce any costs
🍒 Helps to test new vendors (suppliers)
☕ Helps to save working time
👀 Enhanced transparency and competition

👉 What is a Procurement Auction? https://lnkd.in/dj8cYAba

Keywords: #sourcing #supplychain #oilandgas #purchasing #construction #railways #engineering #3Dprinting #shipyard #biotech #automotive #publicprocurement #savings #costcutting #Beverage #apparel #Machining #steel #farming #dairy #molding #chemicals #IT #packagind #food

Are Procurement Auctions an effective way to select suppliers?

🔥👀 In today’s dynamic business landscape, organizations constantly seek innovative ways to optimize their procurement processes and increase cost efficiency. One such powerful tool that has gained popularity in recent years is the procurement auction. By reversing the traditional auction model, where buyers compete for goods and services, procurement auctions allow sellers (suppliers and vendors) to compete for business opportunities.

Understanding Procurement (Reverse) Auctions:

A procurement auction is an online, competitive bidding process where multiple suppliers vie to secure a contract by offering increasingly lower prices for their goods or services. This approach encourages fierce competition among vendors, driving prices down and enabling buyers to benefit from cost savings. However, utilizing reverse auctions goes beyond simply obtaining the lowest price. It also provides an opportunity to evaluate vendors based on various criteria such as quality, delivery time, and other essential factors.

Main considerations when choosing a supplier through procurement auction:

⭐1. Clearly Define Requirements: Before launching a procurement auction, it is very important to formulate and communicate the specific needs and expectations of your organization. Clearly defining product or service requirements, quality standards, delivery times and other key criteria will ensure that vendors submit accurate and competitive bids.

⭐2. Identify Potential Suppliers: Carry out a thorough market analysis to identify potential suppliers who meet your criteria. Consider factors such as industry reputation, experience, financial stability, and the ability to meet your organization’s unique needs. Invite pre-qualified vendors to participate in the procurement auction to ensure that all participants can meet the requirements.

⭐3. Establish Evaluation Criteria: In addition to pricing, establish comprehensive evaluation criteria that are in line with your organization’s objectives. These may include quality certifications, past performance, delivery capability, and customer service. Assign weights to each criterion according to its importance to your organization to create a comprehensive evaluation framework.

⭐4. Transparent Communication: Promote open communication with participating suppliers. Communicate reverse auction rules and guidelines, emphasizing not only the importance of competitive pricing but also the importance of meeting defined quality and performance standards. Transparency will ensure that vendors understand expectations and can adapt their offers accordingly.

⭐5. Strategic Timing: Choose the timing of the procurement auction strategically. Take into account market conditions, availability of suppliers, and any external factors that may influence the bidding process. Timing can have a significant impact on the competitiveness of bids and the overall success of a reverse auction.

⭐6. Post-Auction Evaluation: Once the procurement auction is over, carefully evaluate the offers received. Consider both quantitative factors, such as prices, and qualitative factors, including the vendor’s capabilities and track record. This post-auction assessment is crucial to selecting the most suitable supplier and negotiating final terms.

⭐7. Negotiation and Contract Finalization: While the procurement auction process often focuses on price competition, it is important to recognize that other contract terms are also negotiable. Once you have selected a vendor, negotiate to finalize the terms of the contract, ensuring that all aspects of the contract, including quality standards, delivery schedules, and payment terms, are consistent with your organization’s objectives.

Summary

The inclusion of procurement auctions in the vendor selection process could be a game changer for organizations looking to optimize procurement and achieve cost savings. However, it is important to approach this tool strategically, taking into account not only price but also other important criteria.

Keywords: #sourcing #supplychain #procurementprofessionals #Construction #Machining #procurement #savings #costcutting

Written by Gert 

Last time edited: 08.02.2024

Test users needed!

Tallinn – 03 October 2023

👉 We are looking for members of a test user group (maximum 20 users) to try our service. We would like to develop and grow with them to the next level. Test users will get a win-win treatment 🤩 using our service for the first 3 months. To apply for test group members, please send this application to: admin@bzcall.eu and highlight the company name and the name of the main user.

Main value propositions using the service

  • Reduction of costs or expenses
  • Saving working time 
  • Fair and transparent competition
  • Fewer cases of nepotism
  • Reduction of lead times

What is BzCall? It is a fully functioning procurement auction platform, where is possible to reduce costs and expenses via the reverse auction method. A properly prepared procurement auction can reduce expenditures by 10-30% or even more. There are no limits on what spending can be cut or any restrictions on industries. The service pricing is reasonable, with no hidden fees,  clear, and straightforward. 

Keywords: #sourcing #supplychain #smallbusiness #procurementprofessionals #Construction #Machining #CNC #sourcingandprocurement #procurement #procurementleaders #supplychainmanagement #savings #costcutting

BzCall Technology OÜ 

Last time edited: 03.10.2023

We are open!

Tallinn – 22 September 2023

We are happy to finally announce that our procurement auction web application prototype BzCall.com is ready for use. It is a fully functioning platform, where is possible to reduce costs and expenses via the reverse auction method. Please see a short overview of how it works. A properly prepared procurement auction can reduce costs and expenses by 10-30% or even more. There are no limits on which expenditures can be trimmed or no limits for industries. The service pricing is reasonable, with no hidden fees,  clear, and straightforward. 

Main value propositions using the service

  • Reduction of costs and expenses
  • Sourcers will save working time for other tasks
  • Fair and transparent competition
  • Fewer nepotism appearances
  • Reduction of lead times

Keywords: #sourcing #supplychain #smallbusiness #procurementprofessionals #Construction #Machining #CNC #sourcingandprocurement #procurement #procurementleaders #supplychainmanagement #savings #costcutting

BzCall Technology OÜ 

Last time edited: 22.09.2023

How to set up a procurement auction?

The user guide gives a short and quick overview of how easy is to set up a new procurement auction. It does not take more time than 3-4 minutes (the same time as writing one proper RFQ email), but some can do it faster and some slower, which is okay and real practice reduces that time as well. A few minutes of work can save for some 50€ and another one +100k€ depending on the procurement auction scope, details, and nature. Please also watch the demo clip on YouTube.

Here are highlighted 24 fields, that should be paid attention to making a good procurement auction, which should bring delighted results as saved money and time. 

A procurement auction can be done only after registering an account as a natural or legal person. Same story if someone wants to see the open procurement auctions and participate in bidding.


  1. Before making a new procurement auction, please select the correct role such as a natural or legal person.
  1. The new procurement auction tab can be found in the right top corner.
  1. After clicking the new procurement auction button it opens a new sheet with the status bar “Step 1” which has to fill in the described fields below.
  • Selecting proper category
  • Adding quantity
  • Selecting or defining proper units
  1. Clicking the Save and Continue button will take you to the sheet status bar “Step 2” which has to fill in the described fields below.
  • Adding auction start date and time
  • Selecting procurement auction duration and extended end parameters
  • Selecting auction priority as time vs. cost
  • Write a proper relevant auction name 
  • Add auction description and here is the principle more is better. You can also follow left side checklist points if something can be missed.
  • Upload documents if needed such as technical documents, files, pictures, sketches, etc. The suggested file format is *.zip but it can be used in widely used document formats also like samples can be seen
  1. Clicking the Save and Continue button will take you to the sheet status bar “Step 3” which has to fill in the described fields below.
  • Select the proper delivery method
  • Confirm or change the shipment delivery address
  1. Clicking the Save and Continue button will take you to the sheet status bar “Step 4” which has to fill in the described fields below.
  • Confirm or change the billing address
  1. Clicking the Save and Continue button will take you to the sheet status bar “Step 5” which has to fill in the described fields below.
  • Select the anonymity parameters
  • Invite at least two vendors, Here is the principle More is better
  • Confirm that you know invited friends or vendors
  • You can add your budget number to see later the outcome, but it is not mandatory here and leave it as zero
  • Make the final check for the right side column “Procurement Auction summary” and adjust what is needed
  1. In case all is perfect then clicking the Finish button will activate the procurement auction and invitation emails will be sent out according to the auction start date and time. Here can be wished good luck!

Written by Gert 

Last time edited: 28.07.2023

Discover BzCall.com: The Future of Easy-to-Use Procurement Auction Site

As a sourcing manager with years of experience, I’ve always sought an easy-to-use procurement auction site or similar tools (e-auctions or e-procurement sites) to streamline my day-to-day work. The need for such a tool became clear through my various projects. When I couldn’t find a solution on the market, I decided to create one myself, hoping it would help others as well. And so, BzCall.com was born. The main goal? To save on expenditures and free up valuable working time.

Introducing BzCall

  • What is BzCall? The name combines “Business” (abbreviated as Bz) and “Call,” reflecting its purpose: inviting businesses (vendors) to bid on specific jobs. Simple, right?
  • Why Choose BzCall? In today’s competitive business landscape, controlling costs and expenses is crucial—not just for maximizing profits, but for survival. Over the past two decades, I’ve witnessed the ups and downs of the market. You probably have too. Maintaining market share and gaining a competitive edge is essential, especially as product and service life cycles shorten. Complacency is risky; market forces are relentless and can quickly outpace companies that fail to innovate. BzCall.com offers a way to step out of that comfort zone and make procurement auctions by reducing costs by 10-30% (or more with thorough preparation).

Key Benefits of BzCall

  1. Cost Reduction: Significantly cut down expenses.
  2. Reduced Lead Time: Speed up procurement processes.
  3. Vendor Improvement: Encourage vendors to elevate their performance.
  4. Fair Competition: Ensure a transparent and equitable bidding process.
  5. Minimized Nepotism: Reduce favoritism in vendor selection.
  6. Expanded Supplier Pool: Access a broader range of vendors.
  7. Time Savings: Allow sourcing managers to focus on other essential tasks.
  8. Confidence in Deals: Be assured of securing the best market deals.

Who Benefits from BzCall?

  • Sourcing Managers
  • Procurement Managers
  • Buyers
  • Supply Chain Managers
  • Project Managers
  • Small Business Managers and Owners
  • Cost Estimators
  • Technical Engineers
  • NPI Team Members

Summary

BzCall offers an efficient and effective solution to reduce expenditures and save time in procurement processes. Whether you’re a sourcing manager, procurement manager, or small business owner, BzCall is designed to help you thrive in a competitive market.

Discover how BzCall can revolutionize your procurement processes today!

Written by Gert

Last time edited: 11.07.2024

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