Purchasing Auctions offers a reverse auction site that is standalone, easy to use, and competitively priced. It aims to reduce supplier prices through live online auctions while ensuring a smooth process for both buyers and suppliers. Buyers can choose between paying per auction, multibuy packages, or a percentage of savings achieved. Preparation and training are provided to help buyers and suppliers get the most from the auction process.

1. An Introduction to “Purchasing Auctions” Optimize Costs at your Bidding!

5. All – encompassing Intrusive Complex High Resources required for entry £Expensive!

6. The Reverse Auction & Procurement Lifecycle Only a small part of the cycle, but done properly realises significant savings with very little hassle!

7. Product Suitability for Reverse Auctions Increasing Cost £ Increasing Risk Low High High Tactical Profit Tactical Acquisition Strategic Critical Strategic Opportunity Contingency Plans Required Gate Gourmet BA £45M Loss! Price – Major Issue – Service & Supply

10. Purchasing Auctions - Benefits The auction event is transparent , quickly concluded and delivers a complete audit trail within a secure and neutral environment. The emotion and negotiating hassle is taken out of the equation and invariably the price is the most competitive available . Account managers who have successfully used the auction site have said: “ I found the Purchasing Auctions tool extremely easy to use and appreciated the guidance offered. We will definitely be using this valuable service again, especially as we saved 33% on our spend at our first auction! It is great to find a medium created by purchasers for purchasers. Thank you Purchasing Auctions!” Pauline Sumner, Peel Ports “ We were very impressed with the auction site. It is one of the best we have used. Easy to use , clear information and quick” Karen Hardy, Polestar

14. You can view an auction at: www.purchasingauctions.co.uk/screencasts / This clip can be paused and rewound to view the detail

15. Auction Complete – Purchaser View

16. Auction Complete – Purchaser View

17. Audit Trail

18. Audit Trail Detail

21. Thank You! To view an auction please go to: www.purchasingauctions.co.uk/screencasts / For further information or to discuss different options for your auction please call the team on 0845 603 8161

22. Purchasing Consultancy? Horizon Associates Ltd 145-157 St John Street London EC1V 4PY 07734 671511 [email_address]