E-Auction Basics

This course covers the introduction and importance of e-auctions, the opportunities, parameters to keep in mind and the metrics associated with e-auctions.

$49

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  • Icon 50 minutes
  • Icon 6 Lessons
  • Icon 6 Quizzes
  • Icon Exclusive SCMDOJO Cetificate
  • Icon 5/5 (1 Reviews)
  • Icon 13 Students Enrolled
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About Course

Whether you’re new to the concept or looking to refine your skills, this course provides a step-by-step guide to understanding and mastering e-auctions.

You’ll start with the fundamentals, learning what e-auctions are and dispelling common misconceptions. From there, we delve into the top opportunities and quick wins that e-auctions offer, ensuring you can capitalize on them effectively. We’ll also cover crucial parameters and metrics that are essential for measuring success and making informed decisions.

By the end of this course, you’ll have a comprehensive understanding of different auction types and how to leverage them for your benefit. Our expert insights and practical advice will empower you to implement e-auctions confidently and efficiently.

Why Learn with Janice Marquardt:

Janice Marquardt has been a driving force in the supply chain sector for manufacturing and energy businesses since 2011. Prior to her remarkable career in supply chain management, Janice was a design and manufacturing engineer, laying a solid technical foundation for her expertise. She holds a Master’s in Mechanical Engineering from Iowa State University and an MBA from the University of Northern Iowa, blending technical acumen with business savvy. Janice’s career took a significant leap when she co-led the Leveraging Spend aggregation group at Berkshire Hathaway Energy, where she worked for over five years. Her exceptional leadership and strategic insight earned her the role of Vice President of Supply Chain, a position she held for three years.

In Q4 2023, Janice ventured into entrepreneurship by founding her own firm, Passwall Solutions, where she continues to make impactful contributions to the industry. As the Principal Consultant and SVP of Procurement, she identifies supply chain strengths and opportunities, with potential savings of $150–$225 million on a $2 billion spend. She also builds customer bid responses to highlight competitor cost-cutting and improve the chances of winning awards, and documents supply chain processes to reduce handoffs and waste by 10-30%.

Janice’s specialties are vast and include e-auctions, negotiations, assessing supply chains, and supporting operations teams in utilities and manufacturing sectors. Her extensive experience and keen understanding of supply chain dynamics enable her to deliver exceptional results for her clients. Janice’s diverse experience and proven track record make her an invaluable resource for businesses seeking to optimize their supply chain operations and achieve significant cost savings.

Who is this Course for?
Entry-Level

Procurement Assistant, Procurement Coordinator, Purchasing Clerk, Sourcing Specialist

Mid-Level

Procurement Specialist, Sourcing Analyst, Contract Specialist, Supplier Relationship Manager, Operational Buyer, Buyer, Inventory Controller

Senior-Level

Senior Procurement Specialist, Senior Sourcing Analyst, Lead Buyer, Procurement Manager, Category Manager, Strategic Sourcing Manager, Commodity Manager, Regional Commodity Manager

Executive-Level

Director of Procurement, Chief Procurement Officer (CPO)

Specialized Titles

Commodity Manager, Global Sourcing Manager, Indirect Procurement Manager, E-Procurement Manager

What you'll learn

  • What are the fundamental concepts and principles of e-auctions?
  • How can e-auctions benefit your sourcing strategy and dispel common myths?
  • What are the top opportunities and quick wins you can achieve through e-auctions?
  • What key parameters should you consider when planning and conducting an e-auction?
  • Which metrics are essential for evaluating the success of your e-auction?
  • What are its different types and how can they be utilized effectively?

What is E-auction in Procurement?

It is an online auction platform used in procurement to facilitate competitive bidding among suppliers. In an e-auction, buyers post a request for quotation (RFQ) or a tender on the platform, and suppliers submit their bids electronically. The platform automates the bidding process, allowing suppliers to submit bids in real time and track the auction’s progress.

These can significantly reduce procurement costs by increasing supplier competition and streamlining the bidding process.

Course Content

  • Lesson 01 - What is an e-Auction - Quiz Quiz

  • Lesson 02 - E-Auctions are not evil - Quiz Quiz

  • Lesson 03 - Top Opportunities and Quick Wins - Quiz Quiz

  • Lesson 04 - Parameters - Quiz Quiz

  • Lesson 05 - Metrics - Quiz Quiz

  • Lesson 06 - Other e-Auction Types - Quiz Quiz

What's Included

  • Immediate unlimited access to course materials
  • 30-day money-back guarantee
  • Exercises and quizzes to help you put theory into practice
  • English Closed Captions
  • Full transcripts in PDF for each lesson
  • Suitable for mobile or desktop
  • SCMDOJO Certification when you pass the course quiz (accessible from Learning Center post-sign-in)

Requirements

  • Access to Internet
  • Computer / Laptop / Mobile Device

Earn a sharable certificate

  • Showcase on your LinkedIn Profile under the "Licenses & certifications" section
  • Download or print out as PDF to share with others
  • Share as PDF online to demonstrate your skill
  • The certificate's authenticity can be confirmed online using a QR code
Certificate

Why people choose SCMDOJO?

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Christina Provost
Nov 24, 2024

Enjoyed course! Great explanation of "eBay reversed" along with Dutch & Japanese Reverse. Very well-made graphs helped breakdown all aspects of topics thoroughly - great instructor!

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