What is it?
Choosing the supplier with the most competitive conditions
In a
reversed auction, DSM invites designated suppliers to enter a dynamic,
internet-based and time-limited bidding process. Suppliers get the opportunity
to offer the most competitive conditions. This means greater transparency and
a more efficient negotiating process. Keep in mind that thorough preparation
and training is strongly recommended before participating in a reversed
auction. If required, the auction platforms offer training and support to
suppliers.
The DSM auction platform
Currently, DSM uses the ChemConnect
auction platform for chemicals and raw materials.
Why should you use it?
Using reversed auctions can help to:
-
buy materials at the most competitive conditions
-
make the negotiating process more efficient, transparent and documented
-
speed up the selection and negotiating process
