Webinar Description

In these days of competition, cost optimization play an important role in all industries. E-auctions are the best tool for cost optimization and that is why these are becoming very popular and are being adopted by more and more industries including MSMEs. MSMEs can use it for aggregation of procured quantities, as one PO for many MSME Companies.

In fact, E-Auctions have become popular for all type of disposals, Procurement of items and finalization of contracts including logistics contracts.

Objective:

To educate MSMEs on leveraging E-Auctions for cost optimization, transparent procurement, efficient disposals, and contract finalization, enhancing competitiveness and profitability.

Advantages of E Auctions:

1. Transparency: Ensures a fair and open bidding process for all
2. Cost-Effective: Reduces operational, procurement, and selling
3. Wider Reach: Allows Global participation, increasing competition and better price
4. Time Efficiency: Streamlines procurement and sales, reducing the overall cycle
5. Improved Price Discovery: Competitive bidding ensures the best possible market
6. Aggregation of quantities for MSMEs

Major Types of Common E Auctions:

1. Forward Auction
2. Reverse Auction

Special E Auctions:

RANK E AUCTIONS, YANKEE E AUCTIONS, JAPANESE E AUCTIONS, MULTI CURRENCY E AUCTION, VICKREY E AUCTIONS, DUTCH E AUCTIONS

Book on E Auction:

MD of Global E Auction / Dr. Saraswat have authored a book “A Practical Guide to E- Auctions” 75 Ideas for increasing your Company’s profit (link – https://www.taxmann.com/bookstore/product/6282-a-practical-guide-to-e-auctions)

The one of a kind book on E-Auction, is the first book in its domain, written in a lucid manner to be read by a common man as well as experts. This book provides complete coverage on all aspects relating to e-Auction including the planning, implementation and the results. The book covers 10 success stories on e-auctions. Book has also focused on 75 ideas to grow the business through e-Auction which recommends the actions and precautions to be taken.

For Whom:

MSME decision-makers, CEOs, procurement heads, and business strategists looking to optimize costs through E-Auctions. Ideal for consultants, supply chain professionals, and B-School students eager to explore innovative procurement and contract management strategies.

Expert Speaker:

1. Dr. SB Saraswat – MD of Global E Auction Delhi, Chairman Indian institution of plant engineers DHC, Former join director SAIL, Director Global Steel, MD DANIELI CORUS India

About the Speaker:

He is a E-Auction Expert and renowned technologist with over four decades of experience in E-Auctions, Project Management, and Supply Chain Management. He has pioneered the implementation of E-Auctions in India and abroad, and has worked with esteemed organizations such as SAIL, Global Steel Europe, and Danieli Corus India.

Expertise in E-Auctions –

Dr. Saraswat is a distinguished expert in E-Auctions, with a focus on price optimization and supply chain management. He has authored several books and research paperzon the subject, including:

1. “A Practical Guide to E-Auctions: 75 Ideas to Increase Your Company’s Profit”
2. “E-Auctions and Price Optimization”
3. “The Role of E-Auctions in Supply Chain Management”
4. “Benefits of Price Optimization through E-Auctions”
5. “Strategies and Techniques for E-Auctions”

Expertise in Price Optimization through E-Auctions –

Dr. Saraswat specializes in price optimization through E-Auctions, providing practical advice and strategies to help companies increase their profits. Join him in this exclusive webinar to learn how to optimize prices through E-Auctions and take your business to the next level.