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With the suppliers competing head-to-head to determine who can offer the lowest pricing, an e-auction software procurement gives procurement experts competitive prices for their products. Since each supplier is not required to submit a complete bid, it also streamlines the procurement process and saves time.

Since e-auctions are frequently public, smaller companies can participate and compete, opening up new markets for providers. As most customers will want to acquire their “non-core” products from their existing supplier, a winning bid can result in more business.

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