Ensolva sales e-auctions enable a simple and transparent sale of stocks, real estate, services, receivables and assets. Sales e-auctions have found their application in all companies, regardless of their activity and size. They are often used in B2B negotiations to achieve a better price. On the other hand, they provide all participants with an equal opportunity to participate.
Advantages of sales e-auction
- High level of data security.
- Time saving for the sellers and buyers.
- Simple review and use of sourcing groups and items.
- Fast communication with customers all over the world.
- Reduced sales and distribution costs.
- All required information is transparent and available in one place.
- Equality among participants
Types of sale auctions
1) English sale auction
- The seller can make different auction settings.
- Several different sale items can be set.
- The most important parameters are the starting price of the sale item and the bidding duration.
- The seller sets the duration of the auction before the auction starts .
- Once the auction is started, all participants can see the remaining time for placing bids.
- If the seller allows it, the participants can see their own position in the auction.
- The winner is the participant who has placed the highest bid.
2) Japanese standard auction
- The seller defines the subject of sale, the starting price, the amount of the price increase and the interval in which the price increases.
- It is used in cases of a small number of auction participants.
- May have multiple winners.
- In the given interval, the initial price increases automatic according to the given parameters.
- Participants in each interval accept the offer and thus confirm the acceptability of the proposed price.
- By accepting the price, participants continue to participate in the auction.
- For each individual participant, the auction ends when the “Accept” button is not clicked within the given interval.
3) Dutch standard auction
- It starts with a very high starting price.
- The initial price is reduced by a predefined amount in a given time interval.
- Multiple potential buyers can participate in an auction.
- The auction has just one winner.
- The bid amount changes automatically within the given interval.
- The auction ends when the first buyer clicks the “Accept” button.
