Online Auctions - Wacker Chemie AG

Online Auctions

WACKER is using a auction solution to hold auctions for the procurement of materials and services. During an auction – depending on the auction type – multiple bidders can make an unlimited number of bids within a defined time period. WACKER’s procurement units usually utilize the reverse auction or dutch auction method. The auction type and the settings of the auction hereby regulated, which information are available to the suppliers. The settings are the same for all suppliers. By using auctions, WACKER increases the transparency and the fairness of the negotiation processes for all partners involved. In addition, WACKER's auction platform ensures the security of data and prevents unauthorized access.