Digitize your auctions and maximize procurement with Horsa RunToBid!
This solution simplifies both bulk and standard service procurement by addressing inefficiency, high costs, and limited transparency. Its user-friendly online reverse auction platform drives real-time competition, enabling suppliers to submit increasingly better bids. Businesses benefit through reduced expenses, time savings, and smarter sourcing. Seamlessly integrates with SAP ERP to boost procurement efficiency and transparency.
Overview
Reduce operational costs to improve profitability
Leverage reverse auction dynamics to secure better prices for goods and services, boosting your competitiveness. Access a range of features that make the procurement process more efficient, competitive, and transparent.
Reduction of time and management costs
Follow a structured, time-bound auction process that ensures transparency and consistency, while accelerating procurement by reducing delays and streamlining decision-making.
Foster trust with transparent decisions.
Manage bids in real time to ensure full transparency throughout the auction process. Access clear, objective data on suppliers, their offers, and performance, enabling informed decision-making and fostering a fair competitive environment.
Details
Solution type
Extensions and Add-ons
Industry
Consumer Products, Wholesale Distribution, Mining, Mill Products
Compatibility
Works with
SAP Business Technology Platform
Features
Publish an e-auction to maximize savings and supplier engagement
Create an electronic auction in a simple and easy way. You can choose the most efficient auction mode, select participants from the SAP ERP integrated supplier list and manage reminders. You can attach documents and whatever is needed to provide the necessary information to suppliers.
Get the best bids from your suppliers
Invite your supplier to submit their best bids in the e-auction. They always know where they stand in relation to their competitors, how much time they have available and what bids are being made. This mechanism helps suppliers to evaluate more competitive proposals
Monitoring and analysis of the e-auction
Monitor and analyse the bids received during the e-auction. During the e-auction, you can track the progress of bids at any time. At the end of the e-auction, you can analyse the completed auctions to get insight how to optimise future auctions.
Plans and pricing
Basic Edition
Creation and management of e-auction,automatic supplier invitation
Auction monitoring, display of suppliers' bids, automatic auction allocation
Automatic synchronisation with SAP ERP and SAP S/4HANA of supplier master data
- + EUR 5000.00 Setup Fee
- Minimum contract 3 years
Creation and management of e-auction,automatic supplier invitation
Auction monitoring, display of suppliers' bids, automatic auction allocation
Automatic synchronisation with SAP ERP and SAP S/4HANA of supplier master data
