eAuction statistics 2019

The Scanmarket year-end eAuction statistics are here! Check out the average savings of our Top 10 most eAuctioned categories.

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Thursday, January 9, 2020

The Scanmarket year-end eAuction statistics are here! Check out the average savings of our Top 10 most eAuctioned categories.As a regular reader, you will 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 eAuction provider to more than 300 global organizations, and acknowledged eAuction expert, gives us a unique window into trends and opportunities for savings and value.

Read our recent blog post on maximizing Savings and Value

For Q4 2019, we saw continued strength in categories with steady economic growth 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.

Q4_comparison_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 Q1 and Q2

For the full year of 2019, overall eAuction savings rates hovered near 9% in keeping with 4 of the last 5 years of results.

Top10_Savings_2019

Statistics_overview

Explore the Statistics of 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