Q2 2022 eAuction Savings Report

    Every quarter, Scanmarket reports on statistics covering insights into the savings performed by e-auctions executed globally. The statistics are provided for procurement professionals who wish to better understand and optimize their businesses to achieve higher savings and efficiency. Scanmarket has been reporting these statistics each quarter since 2006, and they continue to be a highly valuable data asset to gain insights into categories and strategic sourcing trends.

    Savings

    The first quarter of 2022 set e-auctions on a course to recovery with almost 5% saved (vs current price) recorded across all categories. Savings for the second quarter came in at 2.82%. While this figure is lower than the first quarter, the top 10 most auctioned categories look incredibly healthy.

    Categories

    On a top 10 category by category basis, Q2 of 2022 has been the most positive data set since before the surge in global commodity prices in 2020. The remaining categories were a selection of heavy hitters that underperformed compared to previous quarters which skewed the overall impact, suggesting a poorer outlook than many categories would currently suggest.

    Volume

    In recent times, we’ve seen bumper increases in the number of auctions being conducted, and the second quarter of 2022 was no different. Despite purchasing challenges globally, the total number of auctions conducted in Q2 of 2022 was up almost 38% compared to Q2 of 2021.

    Download the Q2 2022 eAuction Savings Report to learn more. 

    eAuction Savings Report

    Henrik Balslev - Chief Commercial Officer
    Henrik Balslev - Chief Commercial Officer
    Henrik Balslev is responsible for the overall delivery of consultancy and customer services in Europe. In addition to managing many of Scanmarket’s largest customer accounts, Henrik has lead responsibility for sales in the Nordic countries.

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