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eAuctions
Stop wasting valuable business time going back and forth negotiating with your suppliers. eAuctions can be your new solution to get the most competitive price in the shortest amount of time.
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Supporting Teams Across The Globe
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Create a competitive environment
Alongside saving weeks of face to face negotiation time, eAuctions can also drive down your spend. In contrast to the traditional closed door negotiation process, eAuctions are transparent - suppliers are more willing to offer their best possible price as they can visibly see the level of bids their competitors are providing.
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Improve your supplier relationships
Running an eAuction isn't just beneficial for your business, but for your suppliers business as well. The process gives them market intelligence on where their competitors position themselves and how they fair in comparison. This is priceless market insight that can be applied to their future strategy, which also strengthens your relationship with them by being the enabler of this information source.
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Built with eAuctions strategy at its core
Working in conjunction with Jacob Gorm Larsen, DeepStream's eAuction functionality has been built using industry gold standards. Our settings enable you to consider all aspects that are important to run a successful auction event, providing you with best practices in an easy to navigate user interface.
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Kees Bressers
Head of Procurement, Walker's Shortbread
Dom N
COO, Dryden Group
Panagiotis Apostolopoulos
Head of Procurement, IONITY
Scott Zambonini
Digitalization Manager, Scatec
Sara Nandin de Carvalho
Supply Chain Manager, Maersk
Our features
Our product roadmap prioritizes customer needs, translating them into intuitive features to streamline procurement processes and demonstrate value
Awarding principles
Instill supplier confidence with awarding principles, fostering trust in the process
Supplier rankings
Show suppliers where they rank in the eAuction to cultivate a competitive environment
Pre-bids
Allow suppliers to submit pre-bids for an initial gauge of opening offers before the auction commences
Auto-extending deadlines
Account for last-minute bids seamlessly with auto-extensions, mitigating the risk of sniping
Minimum reduction
Ensure competitiveness during your auction by controlling suppliers bid reductions
Qualify your suppliers
Make sure the suppliers you invite to the auction meet your needs and business requirements
Why choose DeepStream
Intuitive software
User-friendly software that your team will actually want to use
Unlimited customer support
Live support available when you or your suppliers need help
No long contracts
Our contracts are flexible - we won't lock you in for years