The Scanmarket year-end eAuction statistics are here! Check out the average savings in our top 10 most eAuctioned categories.As a regular reader, you know that Scanmarket's eAuction statistics are a great tool to help you build a spend pipeline and identify opportunities for new sourcing projects. Scanmarket's position as an eAuction provider to more than 300 global organizations gives us a unique window into trends and opportunities for savings. Read on to learn more about How to Maximize Procurement Value and Savings.
For Q4 2019, we saw continued strength with steady economic growth in categories such as Construction (12.01% savings) and Electrical & Telecom (17.23% Savings). Freight & Transportation continues to be a strong savings category for our customers with average savings of 14.85% in Q4 2019.
Packaging saw a significant increase in savings over the past year which we attribute to use of new eAuction techniques and strategies. Check out statistics from Quarter 1 and Quarter 2 of 2019. For the full 2019 year-end results, overall eAuction savings rates hovered near 9% in keeping with 4 of the last 5 years of results.
Explore the Statistics from 2018. The data comes from an analysis of eAuction activity across all customers, industries and geographies on the Scanmarket platform.
We hope that this information is useful to you. For further information, be sure to reach out to your Scanmarket account manager or contact us.