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Tradeslot is a global leader in providing Multi Round bid platforms for corporate and government customers

Tradeslot implements multi-round bid platforms for a range of industries and commodities in markets across Australia, NZ, UK and Europe Tradeslot was chosen to run the multi-billion dollar multi-round bid platform for the Australian carbon trading exchange

Tradeslot implements multi-round bid platforms for a range of industries and commodities in markets across Australia, NZ, UK and Europe Tradeslot was chosen to run the multi-billion dollar multi-round bid platform for the Australian carbontrading exchange

Tradeslot’s multi-round bid platform is Software as a Service (SaaS) It is fully web based and cloud hosted, resulting in quick to implement, scalable and reliable service Customers can focus on business outcomes rather than IT implementations

Why use a Multi Round Bid Platform?

Multi Round bidding delivers superior revenue and cost outcomes for the following reasons

Multiple rounds of bidding with live market feedback drives a very different bidding behaviour and bid outcomes compared to traditional sealed bid Bidders can view live market prices and also re-formulate their bidding strategy over multiple rounds of bidding This ability to adapt and learn from the market is lost in traditional sealed bid which means buyers and sellers are leaving many millions of dollars on the table simply due to an outdated method of collecting bids – Multi-round bidding is the only way to allow bidders to understand the market and to re-bid optimally based on live market feedback

Multi-round bidding makes it easy for bidders to understand where to move their bidding if certain lots become unattractive (substitutes) This ensures sellers or buyers get better results across all the lots not just the most attractive items Bidders can focus and specialise on certain lots and keep bidding until it makes sense to switch to a more attractive alternative This ability to switch from one lot to another based on live market feedback is not possible with a traditional sealed bid process – Bidding substitutes is only possible over multi rounds of bidding with live market feedback

Multi-round bidding also makes it easy for bidders to understand how to bid across multiple items to construct complementary packages that are unique in value to each bidder Lot packages are either complementary because of economies of scale or economies of scope Bidders will bid more or less for a package of complementary items because they value the package more than the sum of the individual items – Bidding complements is only possible over multi rounds of bidding with live market feedback

Sellers or buyers can strategically package lots for bidders using various lot combination strategies drawn from market feedback to enhance competition and to satisfy internal constraints This feature allows buyers or sellers to offer flexible lot combinations to bidders that increase revenue or reduce costs Bidders have access to more lot choices along with packaging feedback over multiple rounds that allow them to develop their substitution and complementarity strategies – Bidding on buyer or seller set combinations is only possible over multi rounds of bidding with live market feedback

Who is Tradeslot for?

Tradeslot is well position as the multi-round bid platform of choice for any organisation looking to move beyond sealed bids (RFP, RFQ or Online Tenders) for the sale of high value commodities Companies such as Grib Diamonds, Dominion Diamonds, and government agencies such as the Federal Government of Australia trust the Tradeslot multi-round bid platform to deliver the very best sales outcomes

Tradeslot is well positioned as the multi-round bid platform of choice for any organisation looking to move beyond sealed bids (RFP, RFQ and Online Tenders) for the sourcing or procurement of high value goods and services Companies such as Mars and IBM have used the Tradeslot multi-round bid platform for sourcing direct or raw materials, packaging and indirect goods and services

For more about Tradeslot and detailed information about our products