Before making a product for the Manufacturing and Pharmaceutical companies such as Prestige, Sun Pharma, and their Vendors we need to get an overview of the Procurement Industry and also understand the Supply chain.
Understanding Auction, Bidding, and the negotiation process
To make the process faster I have added an Auction feature in the procurement but as there are a lot of types of Auctions we must design one that fits our problem.
I think the Vendors should be able to see the prices offered by others so as to increase the competition and reduce prices for the Manufacturers and also that Manufacturers cannot lie to Vendors about other’s prices. The Auction makes the process transparent and faster and efficient.
We need to understand the process of Auction in detail as it will take place on our platform. We are designing a Reverse Auction i.e one buyer and multiple sellers.
The Ideal Auction — Numberphile
The Auction Problem
A UX Case Study — The Reverse Auction Problem
Negotiation in Procurement | CIPS
Types of Auctions
Auction — Understanding How the Auction Process Works
Understanding Procurement and Supply chain in Manufacturing and Pharma industry
Some Resources which helped :
What Is Procurement
What is Procurement — A Complete Guide To Procurement Processes
How Does the Pharmaceutical Supply Chain Work?
Accelerating the source-to-award process to transform procurement | Fairmarkit
Some products with bidding and auctions
eBay uses Auctions to sell used goods. Electronics, Cars, Fashion, Collectibles & More | eBay
OpenSea uses Bidding to sell NFTs. OpenSea: Buy NFTs, Crypto Collectibles, CryptoKitties, Decentraland, and more on Ethereum
Sotheby’s use an auction to sell rare pieces of art to collectors. “Prototyping is primary to our process”: Q&A with Sotheby’s
There are a lot of corporations and startups competing in the B2B Procurement Software space. These have similar basic features but some have additional features such as integrated payment and purchasing.
Prokuria: Prokuria: Sourcing and Supplier Management Software
GoComet’s Procurement Software Freight Negotiation Engine Software | Freight Rate Negotiation — GoComet
Procurify | Procurement and Purchasing Software
Fairmarket: Accelerating the source-to-award process to transform procurement | Fairmarkit
Precoro: Best Procurement Software for Small and Midsize Businesses | Precoro
Procurement Manager — Manufacturer’s Employee Responsible for Procurement — one company can have multiple products and it’s the Procurement Manager’s responsibility to get the materials needed to make those products
Vendor — Supplies one or more materials and services to Manufacturers
By making User personas, I was able to work better by keeping the real users at the center of every decision and design.